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Pyth Network / Wrapped SOL on Solana (8erNF5u3CHrqZJXtkfY8CjSxFYF1yqHmN8uDbAhk6tWM) in USDPyth Network / Wrapped SOL on Solana (8erNF5u3CHrqZJXtkfY8CjSxFYF1yqHmN8uDbAhk6tWM) in USDPyth Network / Wrapped SOL on Solana (8erNF5u3CHrqZJXtkfY8CjSxFYF1yqHmN8uDbAhk6tWM) in USD

Pyth Network / Wrapped SOL on Solana (8erNF5u3CHrqZJXtkfY8CjSxFYF1yqHmN8uDbAhk6tWM) in USD

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PYTHSOL_8ERNF5.USD trade ideas

Perfect Time to Long PYTH – Targeting $0.50-$0.55, Then $1-$1.15PYTH is showing a strong setup for a long position. A move to the $0.50-$0.55 range looks likely, with the next key resistance at $1-$1.15 if market momentum mirrors February-March 2024. Fundamentally, Pyth Network has gained dominance due to Solana's high-speed, low-cost infrastructure, which aligns perfectly with Pyth's real-time, on-demand price feeds. With the meme coin frenzy and massive trading activity on Solana, Pyth has become the go-to oracle for fast and reliable data. Unlike Chainlink, which relies on slower, aggregated updates, Pyth leverages direct data from multiple premium providers (like CBOE and Binance) and delivers ultra-low-latency price feeds, which makes it ideal for high-frequency trading and DeFi protocols. Additionally, Pyth rapidly expanded its price feeds across multiple assets and chains, outpacing Chainlink in both speed and adoption, while maintaining gas efficiency and cross-chain compatibility. PYTH:PYTHUSD
PYTH:PYTHUSDLong
by toghrulaliyev
Why #PYTHLooks Like a Promising Trade OpportunityWhy #PYTH/USD Looks Like a Promising Trade Opportunity I've been closely monitoring the performance of PYTH/USD, and based on the recent price action and technical indicators, I believe we have a solid trade setup here. Let's dive into the details: 1. Descending Wedge Breakout Potential: As shown in the chart, PYTH/USD has been trading within a descending wedge pattern. This pattern is often considered bullish, as it indicates a potential reversal. The price has been consolidating near the lower boundary, suggesting that a breakout to the upside might be imminent. 2. Support Levels Holding Strong: The price has consistently found support around the $0.23 level. This strong support base increases the likelihood of an upward move, as buyers are stepping in to defend this level. 3. Volume Analysis: There's an increase in buying volume as the price approaches the wedge's apex. This volume spike indicates that bulls are gaining strength and are likely preparing for a breakout. 4. RSI Indicator: The Relative Strength Index (RSI) is showing bullish divergence. While the price has been making lower lows, the RSI has been making higher lows. This divergence often precedes a price reversal, adding another layer of confidence to our bullish outlook. 5. Risk-to-Reward Ratio: The potential upside from a breakout is significant compared to the downside risk. With a well-defined stop loss below the recent support level, the risk-to-reward ratio is highly favorable, making this trade setup even more attractive. In summary, PYTH/USD is exhibiting several bullish signals that align with a high-probability trade setup. By entering at the current levels, we can capitalize on the potential breakout while managing risk effectively. ⚠️All trade ideas are published with a time delay. If you want to follow the trade in real time, please follow the link to our open copy trading account on Binance. 👉Our account with open trading, and all our other resources at this link:
BINANCE:PYTHUSDLong
by S_CAPITAL
📉📈 PYTH Support and Potential Upside! 🚀💹 📊 Analysis: Support Zone: PYTH is compressing down to $0.905, indicating a support zone. Building Up: Signs of building up are observed in this support area. Laddering In: Consider laddering into positions at this level. Next Support: If $0.905 fails, next support likely at $0.80. 📈 Trade Plan: Entry: Initiate a trade around $0.905. Take Profit: Target set at $1.10 for potential upside. Stop Loss: Place just below $0.78 to manage risk. 🌟 Note: Stay vigilant for any shifts in market dynamics and adjust strategies accordingly! 🌐🚀 #PYTH #Support #TradePlan 📊📈
PYTH:PYTHUSDLong
by Richtv_official
📈 PYTH Trade Analysis 📉📊 Market Observation: Current Movement: PYTH is approaching a significant area of interest where previous resistance levels could turn into support. Fibonacci Level: The 0.618 Fibonacci level aligns with this area of interest, adding to its significance. Strategy: Dollar-Cost Averaging (DCA) will be utilized to accumulate positions as price enters the support zones. 📈 Trading Plan: Buy Zones: Look to initiate buy positions in two areas of interest: around $0.57 and $0.80. Take Profit: Target profit areas are set around $1 and $1.80, allowing for potential gains as price reacts to the support zones. Stop Loss: Implement a stop-loss strategy to manage downside risk, with a daily close below $0.50 serving as a signal for potential trend reversal.
PYTH:PYTHUSDLong
by Richtv_official
📈 PYTH: Building Support Structure for the Next Run Up! 🚀💹📊 Analysis: Support Structure: PYTH is building support at $0.649. Next Target: Aiming for the next run up, targeting resistance at $0.797. Crucial Level: $0.687 is a crucial level; needs to claim and hold it. 📉 Potential Scenarios: Optimistic Scenario: Successful hold of $0.687, targeting $0.797. Bearish Scenario: Potential drop to $0.535 in case of a breakdown. 🌐 Note: Monitor closely for key levels and market dynamics! 📊🚀 #PYTH #SupportStructure #ResistanceTarget 📉📈
PYTH:PYTHUSDLong
by Richtv_official
PYTH's Bull Run Eyes $1 Milestone!Rising Channel Pattern: PYTH is forming a rising channel pattern amidst its ongoing bull run, suggesting a structured uptrend. Buying Opportunity: The recent dip within the channel is seen as a buying opportunity, indicating potential for upward movement. Potential Breakout to $0.63: The bull cycle may see a breakout at $0.63, aiming to challenge the $0.90 mark next. 126% Jump in 45 Days: PYTH has seen a significant recovery, with a 126% price increase in the last 45 days, highlighting its strong performance in the market. Aiming for $1 Mark: Amidst the market recovery, PYTH is projecting a high likelihood of reaching and potentially surpassing the $1 mark. Testing Fibonacci Level: PYTH price tests the 1.618 Fibonacci level at $0.65, indicating critical resistance within the rising channel pattern. Supply Increase at $0.65: An increased supply at $0.65 has led to a dip, testing the bottom support trendline of the rising channel. Current Trading Price: PYTH is currently trading at $0.56, with a minimal intraday move but showing signs of a late-night recovery. Technical Indicators: The DMI indicates a pullback phase with potential for a bullish crossover, supported by the formation of a morning star pattern. Rising Channel Reversal Chances: The channel presents significant reversal chances that could challenge the $0.65 breakout point soon. Fibonacci Levels and Resistance: A breakout rally may face resistance at $0.90, aligning with the 2.618 Fibonacci level. Support Line Breach Consequences: A dip below the support line could potentially lower the market price to $0.44.
PYTH:PYTHUSDLong
by Coinpedia-Market-Insight
PYTH/USDTthose who have been following, we absolutely nailed $PYTH shorting it, now we are going to try nail it longing it, but lets take some things into consideration before we position ourselves! We have the blue diagonal line as resistance, I have drawn a green line beneath it as an alert ready to trade the breakout, the thing is we are actually in a bearish pattern which is an ascending channel and we can come down to .39, confirmation of that would be breaking down from the red line, and invalidation of it will be breaking the resistance of the white line of the channel. Set alerts and lets find the best entry to long this, I honestly do hope we come down to .39
PYTH:PYTHUSD
by UnknownUnicorn22804749