😱🚀🚀Altcoins with rising potential before the Bull Sseason arrives
Pyth Netwrok (#PYTH )
$PYTH Network gained huge attention as the prices soared above 400% since the start of the year which remained unaltered regardless of the bearish trend that followedThe price is trading within a descending parallel channel and is consolidating within a range from the past fortnightThe extreme consolidation suggests the bulls could soon gain dominance and elevate the levels to $0.5 initiallyAs the selling pressure has intensified over time, it seems that the bulls may revamp a steep ascending trend as suggested by the bull-bear powerOnce, the PYTH price sustains at these levels, then the path to $1 may be pretty clear without major hindrance
The RSI has maintained an incremental trend, due to which the price is on the verge of completing the parabolic recovery to reach the necklineThe neckline around $0.232 to $0.23 can be considered extremely crucial, as the bulls are expected to fall weak at these levelsMeanwhile, if they display some strength at these levels, then the price could trigger a fresh rise to form a new ATH above $0.3By then, market sentiments may have turned bullish, which could trigger a fresh ascending trend, discovering new highs in the latter half of 2024
The recent pullback appeared to be the end of the bullish trend as the price dropped after forming a mountain
However, the possibility of a trend reversal emerges as the RSI is again testing the average range, aiming to surpass the levels
Unfortunately, the bears have dominated the markets and as a result, the price may also face a minor pullback
After undergoing a small drop of nearly 18% to 20%, the $CFX
price is expected to initiate a fresh upswing and maintain a steep ascending trend to reach the upper resistance zone at $0.21
During the last quarter, the markets are expected to become more optimistic, which may trigger a fresh ascending trend to reach $1 in the last few weeks of 2024.
