2024-10-08 08:15:37

#Can the October upward trend arrive as expected?

#辣妹儿李嘉欣
Despite recording a neutral price action over the past week, the PYTH price has jumped 32.81% during the past month. This indicates a rising bullish sentiment for the altcoin in the crypto market. Moreover, with a market cap of $1.241 billion, it has secured the 60th position.

The Moving Average Convergence Divergence (MACD) shows a constant decline in the red histogram in the 1D time frame. Moreover, with its averages showing a potential bullish convergence, the PYTH price hints at a positive outlook in the coming time.

If the bulls regain momentum, the bulls could prepare to test its resistance level of $0.3750 during the upcoming weeks. However, a bearish reversal could pull the price toward its crucial support trendline of $0.20 this month.

OVER0,81%

PYTH4,11%

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