Convergence

Token

Pyth Network

Divergence

The Pyth Network price is up 21% in the last 24 hours to trade for $0.4146 as of 10:40 a.m. EST time, with trading volume rising over 50%. This is part of a recovery rally that spanned between November and the first week of January, with PYTH bulls trying to recover the lost ground. Meanwhile, amid the restored hype for the token, its staking function continues with stakers gaining participation in the Pyth Network governance. https://twitter.com/CryptoCurb/status/1748885653008330876 The technical indicators support the bullish outlook for the Pyth Network price, with the Relative Strength Index (RSI) showing rising momentum. This is after executing a buy signal when it crossed above the signal line (yellow band) during the Friday, January 19 session. The histogram bars of the Awesome Oscillator (AO) and the Moving Average Convergence Divergence (MACD) are also flashing green in positive territory to show the bulls lead the market. In addition, the MACD continues to move above the signal line (orange band) following the bullish crossover on Friday. Increased buyer momentum could see the Pyth Network price extend the gains and overcome the $0.4305 resistance level.&nbsp; A strong move above this level could send the market value of PYTH token to $0.4991 or in highly bullish cases, reclaim the $0.5577 resistance level, last tested on November 24. <a href="https://insidebitcoins.com/wp-content/uploads/2024/01/PYTHUSDT_2024-01-21_06-27-17.png" rel="noopener noreferrer nofollow"><img class="aligncenter wp-image-473738 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/01/PYTHUSDT_2024-01-21_06-27-17.png" alt="PYTH" width="1273" height="514"></a> <a href="https://www.tradingview.com/x/NoIrjGyq/" rel="noopener noreferrer nofollow">TradingView: PYTH/USDT 8-hour chart</a>
<h4>Converse Case</h4> On the flip side, if PYTH holders book early profits, the Pyth Network price could correct. The breakout above the upper band of the Bollinger indicator at $0.4008 is the first sign that a correction may be due. It shows that PYTH is already overbought, much like the RSI reading of 72 shows. Enhanced seller momentum could see the Pyth Network price lose the support offered by the centerline of the Bollinger indicator at $0.3511. Lower, the altcoin’s price could test the lower band at $0.3014. A break and close below this level would invalidate the bullish thesis. Amid the bullish but overbought status of the PYTH token, forward-looking investors might consider <a href="https://insidebitcoins.com/visit/launchpad" target="_blank" rel="noopener noreferrer nofollow">LPX</a> as a promising alternative. It is one of <a href="https://www.linkedin.com/pulse/best-ai-crypto-coin-projects-top-picks-2023-juliana-clarisse-calsona-d67oe" target="_blank" rel="noopener noreferrer nofollow">analysts' top picks for AI crypto coins</a> with the potential for explosive growth. <iframe title="YouTube video player" src="https://www.youtube.com/embed/3qvSMVDi4Yc?si=FvZCReLsSPlLvPaP" width="560" height="315" frameborder="0" allowfullscreen></iframe>
<h2 id="promising-alternatives-to-pyth">Promising Alternatives To PYTH</h2> LPX is the native crypto for the <a href="https://insidebitcoins.com/visit/launchpad" target="_blank" rel="noopener noreferrer nofollow">Launchpad XYZ</a> ecosystem, an AI-powered investment platform that offers trading signals that give investors the chance to spot the next 30X trades ahead of time. https://twitter.com/launchpadlpx/status/1748374912568336733 This consumer-oriented portal provides insights and analytics on all Web3 sectors, delivered in beautiful design with a humanized interface. This has prompted experts to rank it among the <a href="https://www.linkedin.com/pulse/best-web3-crypto-projects-top-picks-investing-future-calsona-qr6te" target="_blank" rel="noopener noreferrer nofollow">best Web 3 projects.</a> https://twitter.com/launchpadlpx/status/1747650170412466657 Its presale, which ends in less than three days, has raised over $2.6 million with investors currently able to <a href="https://insidebitcoins.com/buy-cryptocurrency/buy-launchpad-token" target="_blank" rel="noopener noreferrer nofollow">buy LPX</a> for $0.0445. https://twitter.com/launchpadlpx/status/1748676809695064535 LPX holders can also stake their holdings. “If you stake an average of 10,000 LPX over 90 days you will get access to the following rewards: discount on trading fees, guaranteed access to NFT mint whitelists, guaranteed access to presales, access to partner discounts, beta p2e game releases, community prestige badges - and much more,” says the official website. https://twitter.com/launchpadlpx/status/1748269097240916008 With time running out before launch, visit the Launchpad XYZ website to buy LPX in the presale <a href="https://insidebitcoins.com/visit/launchpad" target="_blank" rel="noopener noreferrer nofollow">here</a>. 
<h3 id="also-read">Also Read:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/buy-cryptocurrency/buy-launchpad-token" rel="noopener noreferrer nofollow">How to Buy Launchpad XYZ – LPX Token Presale</a></li>
 <li><a href="https://insidebitcoins.com/news/last-call-for-launchpad-xyz-alessandro-de-crypto-offers-last-minute-insights" rel="noopener noreferrer nofollow">Last Call for Launchpad XYZ? Alessandro De Crypto Offers Last-Minute Insights</a></li>
</ul> [in-content-heros name="a-default-box"]

Pyth Network Price Prediction: PYTH Pumps 21%, But Experts Say Consider This New AI Presale For 30X Gains

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