Pyth Network Price Prediction: PYTH Rises 21%, But Experts Say Consider This New AI Pre-Sale for a 30X Gain.

adminJanuary 21, 2024

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The Pyth Network price has risen 21% in the last 24 hours, trading at $0.4146 as of 10:40 AM ET, with volume up more than 50%.

This is part of a recovery rally that lasted from November to the first week of January, with PYTH bulls trying to regain lost ground. Meanwhile, as the hype for the token recovers, staking features will continue with stakers participating in Pyth Network governance.

🔮 $PYTH 🔮
I really hope you guys are betting. $PYTH
I have very strong feelings about this
Not much has been announced yet, but the hype is starting to build. #PYTH The network is very well connected (as you can see) $PYTH icons are everywhere)
pile. your. Peace. @PythNetwork 🔮 pic.twitter.com/e9abfdcpnl
— Curve ◎ (@CryptoCurb) January 21, 2024

Technical indicators support the bullish outlook for the Pyth Network price, with the Relative Strength Index (RSI) showing upward momentum. This is after executing a buy signal when it crossed the signal line (yellow band) during the session on Friday, January 19th.

The histogram bars for the Awesome Oscillator (AO) and Moving Average Convergence Divergence (MACD) are also flashing green in positive territory to show that bulls are leading the market. Additionally, MACD continues to move above the signal line (orange band) following Friday’s bullish crossover.

Increasing buyer momentum could push Pyth Network price to extend its gains and overcome the $0.4305 resistance level. A strong move above this level could send the market cap of the PYTH token towards $0.4991 and, if very bullish, could recover the $0.5577 resistance level last tested on November 24.

piece piece

TradingView: PYTH/USDT 8-hour chart

converse case

Conversely, if PYTH holders record early profits, the Pyth Network price may adjust. A break above the upper Bollinger indicator band of $0.4008 is the first sign that a correction could occur. This shows that PYTH is already overbought, as does the RSI reading at 72 shows.

If seller momentum strengthens, the Pyth Network price may lose the support provided by the central line of the Bollinger indicator at $0.3511. Going lower, the altcoin’s price could test a lower band at $0.3014. A close below this level invalidates the bullish argument.

With the PYTH token remaining bullish but overbought, forward-thinking investors may consider LPX as a promising alternative. It is an AI cryptocurrency with explosive growth potential and is one of the best cryptocurrencies selected by analysts.

A promising alternative to PYTH

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The pre-sale, which is set to end within three days, has raised over $2.6 million allowing investors to purchase LPX at its current price of $0.0445.

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LPX holders can also stake their holdings. “By staking an average of 10,000 LPX over 90 days, you will receive rewards including discounted trading fees, guaranteed access to the NFT Mint whitelist, guaranteed pre-sale access, access to partner discounts, beta P2E game launches, community reputation, and more. Badges – and much more,” says the official website.

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As time is running out before release, visit the Launchpad XYZ website and purchase LPX in pre-sale here.