Pyth Price Prediction: How Soon Can PYTH Price Hit $2 in 2024?

Key Takeaways:

• Pyth’s Current Status: Pyth Network is currently priced at $0.56, exhibiting positive market sentiment with a 3% increase in the last 24 hours and a notable 13.5% increase over the past 7 days, supported by a market cap of $842 million and a Fear-Greed Index at 70 (Greed).
• Market Performance: Pyth price has demonstrated robust year-to-date performance, surging over 75%, trading well above its 50-day EMA, and surpassing key Fibonacci pivot points, while strategic analysis points to crucial support levels between $0.35 to $0.45 amid recent bullish momentum.
• Technical Analysis: Technical indicators reveal a bullish sentiment at 79%, with PYTH price positioned just below the R3 level at $0.58 on TradingView, emphasizing a pivotal support level at $0.55 and a challenging resistance at $0.7 requiring sustained bullish momentum.
• Price Predictions: Pyth price predictions for February 2024 indicate a fluctuation between $0.55 and $0.7, March anticipates an oscillation between $0.65 and $0.75, and April foresees a spike to $0.9, acknowledging heightened volatility, with key support and resistance levels outlined for strategic monitoring.
• Future Outlook: Pyth Network’s 2024 outlook suggests varying trends, from potential bearishness in June to a full-fledged bull run in October, while 2025 projects an overall bullish momentum, and long-term predictions highlight potential downturns in 2026, followed by optimistic trajectories in 2028 with sustained upward momentum.

Pyth Network Overview as of February 12, 2024

Pyth Network Technical Analysis

PYTH/ USD | Source: Tradingview

• One of the more recent entrants into the market when it was airdropped to eligible users on their platform towards the end of November 2023, PYTH price has seen a strong price performance.
• Currently up over 75% year-to-date, Pyth price has been on a consistent bullish trajectory, and has more than doubled in value from 2024 lows!
• Pyth price is trading well over its 50-day EMA and has already breached R1 and R2 of the Fibonacci pivot points for the month of February. 
• PYTH price is trading just shy of the R3 level, placed at $0.58 – and a breakout over this level would open up the sky for this altcoin to see further bullish action coming in.
• On the downside, the region between P and R1 marked by the Fibonacci pivot points, roughly between $0.35 to $0.45 would serve as a area of support for the token.  

Read More: Chainlink Price Prediction

PYTH Price Prediction 2023-2030

Pyth Network Price Prediction February 2024

In February 2024, Pyth Network price is anticipated to fluctuate within a range of $0.55 to $0.7. Technical analysis suggests a pivotal support level at $0.55, reinforced by the convergence of key moving averages on shorter timeframes. Resistance near $0.7 poses a crucial challenge, requiring a breakthrough for sustained bullish momentum. Traders are advised to monitor these key levels closely, with potential breakout scenarios hinging on market dynamics and the ability to surpass resistance barriers.

Pyth Network Price Prediction March 2024

In March 2024, Pyth price is poised to oscillate in a range of $0.65 to $0.75. Technical indicators suggest a potential consolidation phase, with moderate bullish momentum anticipated in the market. The convergence of key moving averages strengthens the pivotal support level at $0.65. Traders should closely monitor resistance near $0.75, especially with the Bitcoin halving slated for April 2024, as it introduces a variable that could significantly impact Pyth Network price trajectory during this period.

Pyth Network Price Prediction April 2024

In April 2024, Pyth Network price is anticipated to spike to $0.9. Technical analysis indicates a potential for heightened volatility, with the broader market euphoria potentially influencing a spike in PYTH price during the month. Traders should remain vigilant and employ strategic decision-making amid the dynamic market conditions. Key support is identified around $0.7, while resistance near $0.9 could act as a crucial level to watch for potential breakout opportunities in Pyth Network.

Pyth Network Price Prediction May 2024

In May 2024, Pyth Network price is expected to range from $0.65 to $0.85. Technical analysis suggests a potential period of heightened volatility and directional uncertainty, particularly after the Bitcoin halving. As the broader market seeks cues for direction, Pyth price may experience fluctuations within the specified range. Traders should employ strategic analysis, closely monitoring key support at $0.65 and resistance around $0.85 for potential market insights and decision-making.

Pyth Network Price Prediction June 2024

In June, Pyth Network price is anticipated to see a hit in value and fall to a range between $0.6 to $0.7. Following the volatility of the previous month, the market sentiment may shift towards a subtle bearishness, prompting profit booking. Traders should exercise caution and monitor potential bearish indicators, with key support at $0.6 and resistance at $0.7 serving as crucial levels for strategic decision-making in this period of market dynamics.

Pyth Network Price Prediction July 2024

In July 2024, Pyth Network price can continue to trade flat in the range of $0.65 to $0.8. Following the previous flat trend, a slight bearish bias may persist during this month. Technical indicators suggest caution, emphasizing the importance of key support at $0.65. Traders should employ technical analysis tools to discern potential breakouts, with $0.8 serving as a crucial resistance zone. Vigilance and strategic decision-making are recommended amid the prevailing market dynamics.

Pyth Network Price Prediction August 2024

In August 2024, Pyth Network price is expected to persist in a flat trend with a slight bearish bias, trading within the range of $0.75 to $0.85. Technical indicators emphasize the importance of key support at $0.75 and resistance at $0.85. Strategic entry and exit points remain crucial for navigating the prevailing market conditions.

Pyth Network Price Prediction September 2024

In September 2024, Pyth Network price could potentially mark the onset of the next leg of the bull run, with a price range of $0.85 to $1.3. Technical analysis indicates a favorable scenario, aligning with broader market sentiments. Traders should carefully observe key resistance levels around $1.3 for potential breakout opportunities, while strategic monitoring of support at $0.85 is advised for informed decision-making during this period of anticipated market dynamics.

Pyth Network Price Prediction October 2024

October 2024 holds the potential for a full-fledged bull run in the Pyth Network market, with a price range of $1 to $1.9. Technical indicators suggest robust positive momentum, aligning with historical trends in the month of “Uptober.” Traders are advised to closely monitor key resistance levels around $1.9 for potential price breakouts, while support near $1 remains crucial for sustaining positive market sentiment amid potential fluctuations during this anticipated bullish period.

Pyth Network Price Prediction November 2024

November 2024 anticipates a spillover bullishness, potentially driving Pyth Network price within the range of $1.9 to $2.5. Technical indicators suggest a continued rally, carrying momentum into November. Traders should remain vigilant for key resistance levels around $2.5, aiming for potential breakout opportunities, while maintaining a cautious stance on support near $1.9. Market dynamics during this period may exhibit heightened volatility, emphasizing the importance of strategic decision-making amid the expected bullish trend.

Pyth Network Price Prediction December 2024

December 2024 foresees a calmer market for Pyth Network, with prices expected to range between $2.4 and $2.8. Technical analysis indicates a potential slowdown in volatility and price action during this period. Traders may experience limited opportunities for significant price movements, emphasizing the importance of cautious decision-making. Key support levels near $2.4 and resistance levels around $2.8 should be closely monitored for any potential shifts in market dynamics, allowing traders to make informed decisions.

Pyth Network Price Prediction 2025

• Amid a bullish market, PYTH’s price is anticipated to steadily rise, reaching approximately $5 to $5.25 in the first quarter.
• By the middle of the year, it could further ascend to around $5.5, maintaining an overall bullish momentum.
• Although sporadic bearish episodes may occur, the overarching trend is expected to remain positive.
• Progressing into the second half, the pace of the price increase might moderate, but bullish forces are likely to persist.
• Around the middle of the third quarter, a new all-time high (ATH) of about $7 could be reached, followed by a healthy correction stabilizing the price between $5.25 and $6.32 until year-end.

Additional Read: Bitcoin Price Prediction

Pyth Network Price Prediction 2026

• The outset of 2026 might bring stabilization to PYTH’s price as bullish forces contend with prevailing bearish sentiment.
• As the year unfolds, weakening bullish momentum could empower bears, intensifying the ongoing downtrend.
• This shift may escalate the bear market, leading to a significant price decline.
• In the latter half, the struggle to maintain support levels could result in a sharper drop.
• By year-end, the price may trade between $3.78 and $3.95, potentially marking a decline of 60% to 70% from recent highs.

Pyth Network Price Prediction 2027

• PYTH’s price is expected to persist in the bear market, maintaining a steep downward trajectory.
• Consistent formation of lower highs and lows indicates growing bullish strength, suggesting a potential reversal.
• The turning point could occur in the early third quarter, marking the beginning of a gradual recovery.
• The initial recovery may be modest, but the last quarter could trigger a more substantial upswing.
• By year-end, PYTH’s price may reach approximately $4.89, reflecting a potential turnaround in its trend.

Pyth Network Price Prediction 2028

• After facing significant bearish pressure, PYTH’s price is set for a more optimistic trajectory in 2028.
• The price trend is anticipated to follow a consistent upward path, with the bulls gradually gaining momentum.
• By the end of the first half of the year, the price could surpass the $0.00002 mark, boosting bullish sentiment.
• The second half may witness a noticeable recovery, overcoming lingering bearish influences.
• Consecutive higher highs and lows may mark a sustained upward trend, with year-end prices ranging from $6.28 to $7.32, signaling a positive shift from the previous bearish period.

Pyth Network Price Prediction 2029

• The outlook for the year’s start is predominantly bullish, with the price maintaining a significant upward trend.
• Throughout the first half, the price is expected to steadily climb, recovering lost levels and testing higher resistance.
• By the close of the first half, the price could define a fine rise and surpass the levels around $8.
• In the second half, substantial bullish momentum may lead to a modest bull run which may flip the prevailing sentiments that may be uncertain.
• By the year’s end, the price could trade in the range of $9.5 to $10, indicating a robust and sustained upward trajectory.

Pyth Network Price Prediction 2030

• In 2030, PYTH’s price is set to begin the year on a bullish note, staying strong above $9.5.
• Despite reaching a new all-time high, the upward trend is expected to persist, yet to reach its peak.
• By the close of the year’s first half, the price could reach a range between $11 and $11.5, indicating a new ATH of the prevailing bull run.
• Moving into the second half, the trend is anticipated to intensify, with intermittent challenges from bears.
• After establishing a new all-time high, estimated around $13.5 to $15, the year-end may see the price settle at approximately $12.55 to $13.62.

Will the Pyth Network Price Rise in 2024?

Pyth Network is in a favorable position to support a recovery in 2024. With a current price of $0.56, a 3% 24-hour price change, and a bullish sentiment, the market sentiment aligns with an upward trend. Technical analysis, emphasizing a robust performance year-to-date, positions PYTH well above its 50-day EMA. The Fibonacci pivot points for February indicate a potential breakout scenario, especially if the token surpasses the $0.7 resistance. Traders should closely monitor these key levels, considering the dynamic market conditions and potential breakout opportunities in the coming months.

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