Pyth Network Price Surges 21% in 24 Hours
The Pyth Network price is up 21% in the last 24 hours, trading for $0.4146 as of 10:40 a.m. EST time, with trading volume increasing over 50%.
Technical Indicators Support Bullish Outlook
The Relative Strength Index (RSI) shows rising momentum after a buy signal during the Friday, January 19 session. The Awesome Oscillator (AO) and the Moving Average Convergence Divergence (MACD) are also flashing green in positive territory.
Potential for Further Gains
Increased buyer momentum could see the Pyth Network price extend the gains and overcome the $0.4305 resistance level. A strong move above this could send the market value of PYTH token to $0.4991 or even reclaim the $0.5577 resistance level.
Converse Case
If PYTH holders book early profits, the Pyth Network price could correct, with the potential for returning to lower price levels. Investors have been seeking promising alternatives to PYTH, with LPX as one such alternative.
Promising Alternatives To PYTH
LPX is the native crypto for the Launchpad XYZ ecosystem, an AI-powered investment platform that offers trading signals and valuable insights on all Web3 sectors, delivered in a humanized interface.
Hot Take: LPX Emerging as a Promising Alternative
Finally, if you’re searching for a potential alternative to PYTH, LPX is indeed a promising choice.
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