This Pyth Network (PYTH) Price Pattern Signals a Potential 210% Rally

The Pyth Network (PYTH) is showing signs of a potential bullish reversal after forming a falling wedge pattern. The Crypto Titan's tweet suggests that the token has bottomed out within this structure, signaling the beginning of a reversal rally. Despite price swings lately, the analyst highlights increasing market momentum that could drive PYTH toward higher resistance levels.

The price of Pyth Network (PYTH) has been struggling to gain any meaningful traction over the past few months. However, according to a recent analysis by a crypto enthusiast known as The Crypto Titan, the token might be nearing a breakout that could lead to a 210% rally.

Here's a closer look at the technical setup and key price levels to watch for a potential bullish move in PYTH.

PYTH Price Pattern Signals Potential 210% RallyThe Pyth Network (PYTH) is showing signs of a potential bullish reversal after forming a falling wedge pattern. The Crypto Titan's analysis suggests that the token has bottomed out within this structure, signaling the beginning of a reversal rally.

Despite recent price swings, the analyst highlights increasing market momentum that could drive PYTH toward higher resistance levels.The Crypto Titan's analysis points to the falling wedge pattern, which is typically bullish. Price action has been making lower highs and lower lows, compressing within a narrowing range.

Usually, this pattern leads to a breakout when buyers regain control. Upper resistance lies between $0.35 and $0.40, while lower support was recently tested around $0.21. Less bearish pressure suggests that sellers are tiring, increasing the chances of a breakout.

A successful move beyond the wedge's upper boundary could validate The Crypto Titan's view that PYTH is currently undervalued and poised for a strong uptrend.

$PYTH (Weekly)

IMO, the $PYTH reversal rally 📈 is started, after being bottomed out inside the falling wedge in the weekly timeframe✅

IMO, 1$ for $PYTH is nothing & right now it's way Cheaper💎#pyth #Python #btc #bitcoin #crypto #CryptoTrading #thecryptotitans pic.twitter.com/LFADWJi5Z2

Key PYTH Price Levels to WatchInvestors are keeping a close eye on specific price levels. Support lies between $0.21 and $0.22, where recent buying interest emerged. If the token encounters further selling, the next key support zone is between $0.18 and $0.20.

On the upside, the first major resistance sits at $0.35-$0.40, which coincides with the wedge breakout zone. Beyond that, a historical resistance level around $0.75 could serve as the next target. The long-term psychological milestone of $1.00 remains the primary target for many traders, as mentioned in The Crypto Titan's analysis.

Despite a 4.03% daily decline, to $0.24, PYTH has gained 9.57% over the past seven days, indicating steady accumulation by buyers. The daily trading volume is still high at $103.9 million, reflecting continued market interest.

As traders anticipate a potential trend shift, volatility has been increasing, which is often an indication of breakouts. In line with the technical setup that favors an upward move, the recent price rebound from crucial support zones suggests growing bullish sentiment.

Potential PYTH Price Breakout Could Lead to 210% GainIf PYTH manages to break past $0.40, analysts anticipate an upside potential of around 210%, bringing the price to levels close to $1.00. This target aligns with historical market structures and the wedge's measured move projection.

A sustained breakout could confirm the bullish outlook and establish new momentum for PYTH. Market participants are closely monitoring price action as the token approaches key resistance levels.

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