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The cryptocurrency market woke up to a bullish day with Bitcoin hitting the $56,000 level after nearly 3 years. Although the longest bear market in cryptocurrency history has psychologically worn out investors, some cryptocurrencies have also seen serious increases with this rise of Bitcoin. One of these coins was the PYTH. PYTH rose more than 23 percent according to TradingView data. Which levels should we follow for PYTH? What are the resistance and support levels? Here are the details.
PYTH Price Analysis:
PYTH is almost 18% up Today. PYTH investors has not seen this price levels since beginning. What are the support and resistance levels in PYTH?
Support level for PYTH is $0.06870 and resistance is at $0.081.
With Bitcoin surpassing $56,000 and money flowing into the market, altcoins are on the rise. With a possible correction in the market, we may see pullbacks in price levels.
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