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
LPX is a promising alternative to Pyth Network and powers a project created to help traders explore the web3 crypto trading world. It serves as an entry point for traders, regardless of their experience level, and helps maximize profit potential. Visit the Launchpad XYZ website to buy LPX in the presale.
**Hot Take**
Insight into the Wavelike Motion of Pyth Network Price and Promising Altarnative of LPX
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.