The post <a href="https://coinpedia.org/price-analysis/pyth-price-prediction-pyth-aims-1-within-rising-channel/">PYTH Price Prediction: PYTH Aims $1 Within Rising Channel&nbsp;</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With a 126% jump in the last 45 days, the PYTH price trend displays a recovery rally going strong in the daily chart. Being a frequent member of the top gainer’s list, the PYTH network is aiming for trend continuation amidst the market recovery phase.&nbsp; 
Amidst the recovery trend, the PYTH price is projecting a high likelihood of reaching the $1 mark. Will the trend continue above the $1 mark with a breakout? Find answers to such questions in our <a href="https://coinpedia.org/price-prediction/pyth-price-prediction/">PYTH price prediction </a>now.&nbsp; 
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 <img decoding="async" width="1024" height="483" src="https://image.coinpedia.org/wp-content/uploads/2024/02/23102405/image-170-1024x483.png" alt="" class="wp-image-272190" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/23102405/image-170-1024x483.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/02/23102405/image-170-300x142.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/23102405/image-170-768x362.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/23102405/image-170-1536x725.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/02/23102405/image-170-150x71.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/02/23102405/image-170.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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Source – <a href="https://www.tradingview.com/x/EGbeECTW/">Tradingview</a> 
As mentioned in our previous article, the PYTH price tests the 1.618 Fibonacci level at the $0.65 mark. Meanwhile, the rising trend forms two parallel boundary lines, resulting in a rising channel pattern, gatekeeping the uptrend.&nbsp; 
With the increased supply at $0.65, the altcoin takes a dip within the channel to test the bottom support trendline. Leading to multiple candles with lower price rejection, the PYTH price action projects a high likelihood of a bullish turnaround.&nbsp; 
Currently, the PYTH price trades at $0.56 and shows a minimal intraday move following the late-night recovery. Further, the buyers plan a morning star pattern at the baseline to increase the reversal chances and momentum.&nbsp; 
Technical indicators:&nbsp; 
DMI: The dip in the ADX line aligns with the pullback phase and brings the VI lines closer to a crossover. However, the morning star-led reversal chances may soon revert the lines of the DMI indicator to a bullish position.&nbsp; 
<h2 class="wp-block-heading" id="h-will-the-pyth-price-cross-1">Will the PYTH Price Cross $1?</h2> 
Amidst the recent market recovery, PYTH Network is emerging as one of the top-performing altcoins. With the rounding bottom breakout leading and bringing a rising channel pattern, the underlying bullishness is on the rise.&nbsp; 
Currently, the reversal chances in the channel is significant that may soon chalelgne the $0.65 for a breakout. As per the Fibonacci levels, the breakout rally will face opposition at the $0.90 mark, aligning with the 2.618 Fib level.&nbsp;&nbsp; 
Conversely, if prices drop below the support line, the market price could dip to $0.44.

PYTH Price Prediction: PYTH Aims $1 Within Rising Channel

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