The Volatility in Pyth Network Profit
The 40x gain on November 20
The Pyth Network price action has remained volatile after the recent airdrop, leading to a wavelike motion in price. This has resulted in the formation of a symmetric triangle, which signals a potential downtrend in the short term.
According to the Relative Strength Index (RSI), a sell signal is anticipated as the price could fall below the $0.28026 support level. Additionally, the Awesome Oscillator (AO) has shown that selling pressure is increasing.
If the $0.28026 support is breached, the next target would be the psychological level of $0.20000, representing a 40% decrease from the current price level. Alternatively, a surge in buying pressure above the current levels could result in the price breaking out to reach the $0.38193 resistance level.
Deeper insight into LPX as an Alternative
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**Hot Take**
Insight into the Wavelike Motion of Pyth Network Price and Promising Altarnative of LPX
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