{"id":10971,"date":"2024-02-03T13:15:59","date_gmt":"2024-02-03T13:15:59","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=10971"},"modified":"2024-02-03T13:16:20","modified_gmt":"2024-02-03T13:16:20","slug":"pyth-bullish-expectation-with-positive-signals","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/pyth-bullish-expectation-with-positive-signals\/","title":{"rendered":"PYTH: Bullish Expectation with Positive Signals"},"content":{"rendered":"

PYTH managed to break above the 0.44 resistance and achieved a solid rise up to 0.61 price with good news.<\/strong> Although there is a pullback now, it has risen to 0.4868 prices with the reaction it received from the 0.4540 levels.<\/p>\n

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You might like:\u00a0OPNX Exchange to Cease Operations by End of February<\/em><\/strong><\/span><\/a><\/p>\n<\/blockquote>\n

The scenario on the chart looks positive and has reacted by making the old resistance level support. In addition, the gaps created with the decline were also closed and there is currently a positive scenario for the rise.<\/p>\n

Another important indicator for PYTH is the money flow.<\/strong> The money flow in PYTH is provided by people who continue to make strong purchases in the spot market to stake. This supports the upward movement of the price. If such airdrop news continues, it is quite likely that we will see a new attack on PYTH in a short time.<\/p>\n

PYTH Chart Analysis<\/span><\/h2>\n

If this momentum on PYTH continues, it is likely to reach $1 price after a while.<\/span><\/p>\n

\"PYTH
PYTH Chart Analysis<\/figcaption><\/figure>\n

There are also positive signals from the indicators. Stochastic RSI (Stoch RSI) is showing an upward movement and RSI is also in a positive state, showing an upward trend.<\/strong> If both indicators continue to show positive signals in this way, we may see another increase in PYTH.<\/p>\n

\"PYTH<\/p>\n

\"Stochastic<\/p>\n

Although there is no significant accumulation on the liquidation map, a small amount of liquidation has accumulated in the 0.45 price band. This shows that this level is attractive for buyers on the chart. However, this accumulation is not large enough to cause a negative scenario for PYTH. Positive scenarios will continue to dominate in closings above 0.44.<\/p>\n

\"Liquidation<\/p>\n

When we look at the Long\/Short ratios, while Short positions were dominant yesterday, Long positions are dominant today. If the weight gain of the small incoming long positions continues to support the money flow, this situation will create a positive scenario and provide a positive atmosphere for the rise.<\/p>\n

\"PYTH<\/p>\n

You can easily buy and sell PYTH Token from Global Exchanges such as Binance<\/a>, BitGet<\/a>, Kucoin<\/a>, Mexc<\/a>, Houbi<\/a> and Gate.io.<\/a><\/strong> If you want to benefit from the discount link specially defined for Coin Engineer followers, you can use our referral code by clicking on the exchange you want to register.<\/p>\n

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Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0Telegram<\/strong><\/a>,\u00a0YouTube<\/strong><\/a>\u00a0and\u00a0Twitter<\/strong><\/a> for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

PYTH managed to break above the 0.44 resistance and achieved a solid rise up to 0.61 price with good news. Although there is a pullback now, it has risen to 0.4868 prices with the reaction it received from the 0.4540 levels. You might like:\u00a0OPNX Exchange to Cease Operations by End of February The scenario on<\/p>\n","protected":false},"author":1,"featured_media":10973,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[2476,3879,4104],"class_list":["post-10971","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coin-analysis","tag-analysis","tag-pyth","tag-stochastic-rsi"],"yoast_head":"\nPYTH: Bullish Expectation with Positive Signals - Coin Engineer<\/title>\n<meta name=\"description\" content=\"PYTH managed to break above the 0.44 resistance and achieved a solid rise up to 0.61 price with good news. 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