🚨🚨🚨 If you are holding $PYTH or want to buy then must read before taking any step.
Yesterday ( 20 May 2024 ) 1.58 Billion PYTH token unlocked 🔓 of worth $736 million usdt. 16.67% tokens are holding by private sale buyers and remaining by development purpose team. Team will use these funds to work on project and will improve it. With the development of project price of #PYTH will pump. And all of you can see now the price of PYTH as compared to yesterday . This is current sentiment move.
Let's discuss in technical point of view what will be PYTH price in upcoming days , week and months . If we look on charts PYTH has formed falling wedge pattern and breakout it. Falling Wedge is Bullish pattern so it's breakout indicate pump in price of PYTH. We will find: [ First resistance at 0.5076, R2 at 0.5900, R3 0.7000 , R4 0.8100, R5 1.0100, R6 1.1500.] On these resistance price will show weakness and some consolidation so when ever price reach Their sell 30-50% and buy from lower. You can treat these resistance as your Target point.
Note: Above given targets are on 4H TF so they will get achieved in 30 days.
Let's discuss Fundamental of PYTH and guess price of PYTH for #BullRunPotential .
1. PYTH built on Solana chain and use for building of apps with high-fidelity oracle .
2. @Pyth Network is backed by CMT Digital , @Binance Bodhi Ventures and much more.
3. PYTH collect data from institutions and public them ( high demand thing at that time).
4. PYTH provide feed on 50+ Blockchain like $BNB chain , $ETH Chain , Optimism Chain and more.
All these key points make it more useful and trustable token in market. After keeping many other point in research we can predict price of PYTH from $5 - $7 in Bull Run .
If you find this post helpful then like and comment on this post and share with your trader friends. What price you think PYTH token in Bull Run tell in comment. I will read all comment .
