How High Can It Go? Pyth Network’s (PYTH) Token Surges: Experts Eye These Next Price Targets
Pyth Network’s native cryptocurrency, PYTH, has witnessed a rnoteworthy price surge over the past few days. According to data from CoinGecko, the price of PYTH climbed to $1.10, representing a 29.43% increase over the past 24 hours and a 57.78% gain in the last seven days. Consequently, the 24-hour trading volume for the token soared to $535,321,935.58.
What you'll learn 👉
Bullish Sentiment Fuels Speculation
The rally has attracted the attention of crypto traders and analysts, with many expressing bullish sentiment on social media platforms. One trader, known as Bull Master (@bull_run_100), shared their optimism regarding PYTH’s potential, stating, “$PYTH #PYTH is up by 54% since the latest post. Looking for 1.40$-1.45$ for local top before any small correction. Hope you got in and made some gains.”
However, as the price trajectory unfolded, Bull Master (@bull_run_100) adjusted their targets, tweeting, “$PYTH the count for #PYTH is slightly changed due to the correction. Lookin for 1.35-1.41$ from here as local top.”
Profit-Taking Strategies Emerge
Meanwhile, another trader, FALCON LINE (@falcon_line), highlighted the potential for profit-taking, advising, “My $PYTH investment approached 65% profit. If the daily candle closes above the $1.12 resistance, take profit on the upper targets. who wishes can sell their investment money here. Not Financial Advice.”
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Show more +As the bullish momentum surrounding PYTH continues, traders and investors closely monitor the price action, adjusting their strategies accordingly. While some may opt to secure gains, others remain optimistic about the token’s potential for further upside.
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