{"id":42293,"date":"2024-11-28T14:57:06","date_gmt":"2024-11-28T14:57:06","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/pyth-network-price-eyes-channel-breakout-following-21shares-pyth-etp-release\/"},"modified":"2024-11-28T14:57:06","modified_gmt":"2024-11-28T14:57:06","slug":"pyth-network-price-eyes-channel-breakout-following-21shares-pyth-etp-release","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/pyth-network-price-eyes-channel-breakout-following-21shares-pyth-etp-release\/","title":{"rendered":"Pyth Network price eyes channel breakout following 21Share\u2019s PYTH ETP release"},"content":{"rendered":"<p><b>(Originally posted on : Invezz )<\/b><br \/>\n<\/p>\n<div><\/div>\n<p>Pyth Network (PYTH) exhibits robust bullishness as it approaches a channel breakout that could trigger a 73% price surge.<\/p>\n<p>The altcoin saw renewed bullish momentum over the past day after <a href=\"https:\/\/invezz.com\/news\/2024\/11\/27\/21shares-launches-pyth-ondo-rndr-and-near-etps-for-european-investors\/\">21Shares launched multiple four ETPs<\/a>, including a PYTH one. <\/p>\n<div class=\"wp-block-kevinbatdorf-xeet-wp xeet-wp\">\n<div class=\"react-tweet-theme Prh5YO6Z7gkcGwVjnX1Q\">\n<article class=\"y3vyxk0KOdMgcSTtzERK\">\n<div class=\"lXRMjX2KYR7IZSOZPFbm\"><a href=\"https:\/\/twitter.com\/21Shares\/status\/1861333216919166998\" class=\"nkzum3vS9EE0UMk6wIwD\" target=\"_blank\" rel=\"noopener noreferrer\"><\/p>\n<div class=\"gxuhzv6slGlIBy5JFjVm\"><img src=\"https:\/\/pbs.twimg.com\/profile_images\/1699415925340917760\/u5yE3zKo_normal.jpg\" alt=\"21Shares\" width=\"48\" height=\"48\" loading=\"lazy\"><\/div>\n<div class=\"gxuhzv6slGlIBy5JFjVm\">\n<div class=\"jM__a2FZ4FtvadsBSIC5\"><\/div>\n<\/div>\n<p><\/a><\/p>\n<div class=\"BwMePHrH3rvsmYE498nW\"><a href=\"https:\/\/twitter.com\/21Shares\/status\/1861333216919166998\" class=\"oDvOSSsrnTspryAL9YVt\" target=\"_blank\" rel=\"noopener noreferrer\"><\/p>\n<div class=\"YqFZOCD996i_gAbVzqfJ\"><span title=\"21Shares\">21Shares<\/span><\/div>\n<div class=\"k4aQ6nZmsk6GjbvjPKss\"><\/div>\n<p><\/a><\/p>\n<div class=\"T65hgE51dyqUMzAY5hl0\"><a href=\"https:\/\/twitter.com\/21Shares\/status\/1861333216919166998\" class=\"jg4rjgPtL89uoWZw81FG\" target=\"_blank\" rel=\"noopener noreferrer\"><span title=\"@21Shares\">@21Shares<\/span><\/a><\/p>\n<div class=\"IulIEDncuBnezCKlPUfn\"><span class=\"f9i0GrOk4HWCqDStzGHE\">\u00b7<\/span><a href=\"https:\/\/twitter.com\/intent\/follow?screen_name=21Shares\" class=\"X9KF8bvQvjpxMkEUAQSg\" target=\"_blank\" rel=\"noopener noreferrer\">Follow<\/a><\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/twitter.com\/21Shares\/status\/1861333216919166998\" class=\"VAKgDYwbCPjVtzvR7vsi\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"View on Twitter\"><\/a><\/div>\n<p class=\"AdGEHCYjGQTkPV_D5imj\"><span>Big news: Four game-changing ETPs just released! Introducing our newest products focused on oracles (PYTH), tokenization (ONDO), decentralized computing (RNDR), and artificial intelligence (NEAR). Find out more about each product and either of the links below.<\/span><\/p>\n<div class=\"cacqfhueggAloScon8Ff vbELv9queVpQp7_WI5IK\">\n<div class=\"lA2IAt33tV3Va0ux5nae\">\n<div class=\"cMOXrU0jLUAJlX48teJs xeet-video-container\">\n<div class=\"qnLhJK8xTTrk0D3Cnl3W\" style=\"width:unset;padding-bottom:52.52918287937743%\"><\/div>\n<p><video class=\"_pM7v0lMKodnLxq5lHUq\" poster=\"https:\/\/pbs.twimg.com\/ext_tw_video_thumb\/1861333091622756357\/pu\/img\/V4dXQ_TdOaVvrdCu?format=jpg&amp;name=small\" muted preload=\"metadata\"><\/video><button type=\"button\" class=\"G8YGLOB6NhgrdDuDy82z xeet-video-button\" aria-label=\"View video on Twitter\"><\/button><\/p>\n<div class=\"SNp2hiLmkxEWvkl9b1Jv\"><a href=\"https:\/\/twitter.com\/21Shares\/status\/1861333216919166998\" class=\"WMiypCZnQY99jOiNGuaY xeet-watch-link\" target=\"_blank\" data-continue-watching-text=\"Continue watching on Twitter\" rel=\"noopener noreferrer\">Watch on Twitter<\/a><\/div>\n<p><a href=\"https:\/\/twitter.com\/21Shares\/status\/1861333216919166998\" class=\"WMiypCZnQY99jOiNGuaY LHq_V_XhXh8xZ9RSiOTB xeet-view-replies\" target=\"_blank\" rel=\"noopener noreferrer\">View replies<\/a><\/div>\n<\/div>\n<\/div>\n<div class=\"_0kiDv1j1JHI8CF0Ntb_\"><a class=\"PF6M5QdjvCYeUIeL82Pw\" href=\"https:\/\/twitter.com\/21Shares\/status\/1861333216919166998\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"11:56 AM \u00b7 Nov 26, 2024\">11:56 AM \u00b7 Nov 26, 2024<\/a><a class=\"EUWNvie68q0hB7x9gYil\" href=\"https:\/\/help.twitter.com\/en\/twitter-for-websites-ads-info-and-privacy\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Twitter for Websites, Ads Information and Privacy\"><\/a><\/div>\n<div class=\"r1nP5SJS7VNmWTX19Auq\"><a class=\"gcUKEvUouWctDVs4Uni5\" href=\"https:\/\/twitter.com\/intent\/like?tweet_id=1861333216919166998\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Like. This Tweet has 517 likes\"><\/p>\n<div class=\"EYp9rp32FVnHEztzLqMG\"><\/div>\n<p><span class=\"aMeAuAqW2H34ePc2jorL\">517<\/span><\/a><a class=\"We700JQVK913TW5TZQk6\" href=\"https:\/\/twitter.com\/intent\/tweet?in_reply_to=1861333216919166998\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Reply to this Tweet on Twitter\"><\/p>\n<div class=\"SXNJIS9giXWKxuUsSwXx\"><\/div>\n<p><span class=\"qAurmX5F17a0m0GbrhOq\">Reply<\/span><\/a><button type=\"button\" class=\"EDcxfgdhQDFSaBs5yAxC\" aria-label=\"Copy link\" data-xeet-url-to-copy=\"https:\/\/twitter.com\/21Shares\/status\/1861333216919166998\"><\/p>\n<div class=\"O1W4EuB8WU92_ex7pGQT\"><\/div>\n<p><span class=\"ovn4FbJMqbXsfiK7gvth\" data-copy-text=\"{&quot;copied&quot;:&quot;Copied!&quot;,&quot;copyAllText&quot;:&quot;Copy link to Tweet&quot;}\">Copy link<\/span><\/button><\/div>\n<div class=\"cjgWV81BwLW_tK8FicCg\"><a class=\"tczCx_QJsiI5O2NPUrfI\" href=\"https:\/\/twitter.com\/21Shares\/status\/1861333216919166998\" target=\"_blank\" rel=\"noopener noreferrer\"><span class=\"LW1dI56xN0L7kAXJota7\">Read 43 replies<\/span><\/a><\/div>\n<\/article>\n<\/div>\n<\/div>\n<p>Commenting on Pyth Network, the investment <a target=\"_blank\" href=\"https:\/\/www.21shares.com\/en-eu\/product\/pyth\" rel=\"noopener\">stated<\/a>:<\/p>\n<blockquote class=\"wp-block-quote inv-component-break-container is-layout-flow wp-block-quote inv-component-break-container-is-layout-flow\">\n<p>This ETP provides investors with a regulated and transparent way to gain exposure to the rapidly evolving decentralized oracle network that delivers high-frequency, real-time market data to blockchains.<\/p>\n<\/blockquote>\n<p>The announcement saw PYTH soaring from the $0.4078 daily low to $0.4805 \u2013 an 18% increase.<\/p>\n<h2 class=\"wp-block-heading\">PYTH bullish reversal gains momentum<\/h2>\n<p>The altcoin\u2019s price movements form an ascending channel pattern on the 24-hour chart. <\/p>\n<p>The higher lows and higher highs have printed two parallel lines as PYTH\u2019s reversals gain momentum.<\/p>\n<p>The rally tests the trendline\u2019s top boundary, attempting an upside breakout rally. <\/p>\n<p>Meanwhile, the upward journey began from the support barrier at $0.25 to today\u2019s peak of $0.4805. <\/p>\n<p>That translates to a 92.2% surge within the past three months.<\/p>\n<h2 class=\"wp-block-heading\">PYTH&#8217;s current price action<\/h2>\n<p>The coin trades at $0.4632 after retracing from the 24-hour peak. Pyth remains 8% up on its daily chart, with a 30% increase in trading volume signaling increased activity.<\/p>\n<figure class=\"wp-block-image inv-component-break-container size-full\"><img width=\"738\" height=\"287\" src=\"https:\/\/ik.imagekit.io\/invezz\/uploads\/2024\/11\/image-190.png\" alt=\"\" class=\"wp-image-2317648\" loading=\"lazy\" \/><figcaption class=\"wp-element-caption\">Source: <a target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/pyth-network\/\" rel=\"noopener\">Coinmarketcap<\/a><\/figcaption><\/figure>\n<p>The altcoin boasts more room for extended gains. Fibonacci levels show the token targeting 50% FIB ($0.6759).<\/p>\n<p>The latest gains saw the 50-day and 20-day Exponential Moving Averages making a golden crossover. <\/p>\n<p>That indicates a solid bullish momentum behind Pyth\u2019s prevailing price actions.<\/p>\n<p>Furthermore, PYTH created a bullish, engulfing candlestick following its overnight surges. <\/p>\n<p>The Moving Average Convergence Divergence and the signal line support the narrative with an upside crossover.<\/p>\n<p>The highlighted bullish engulfing candlestick tests the overhead borderline as the token topped the 638.20% FIB level.<\/p>\n<p>PYTH eyes further uptrends after reclaiming the supply region between $0.51 and $0.54. <\/p>\n<p>Significant bull activity beyond this range would catalyze swift uptrends to $0.8. That would account for a 73% upswing from current prices.<\/p>\n<p>Nevertheless, sudden bearishness could push the alt towards the reliable support zones at $0.43 and $0.35.<\/p>\n<p>Further bearishness would see PYTH plunging beneath the 50-day Exponential Moving Average ($0.3181), invalidating the potential rounding bottom reversal. <\/p>\n<p>That might welcome an 88% slump from current values to $0.2460.<\/p>\n<p>Meanwhile, Pyth Network has seen increased institutional interest lately. <\/p>\n<p>VanEck launched a Pyth-based exchange-traded note (ETN) for European investors early this month. <\/p>\n<div class=\"wp-block-kevinbatdorf-xeet-wp xeet-wp\">\n<div class=\"react-tweet-theme Prh5YO6Z7gkcGwVjnX1Q\">\n<article class=\"y3vyxk0KOdMgcSTtzERK\">\n<div class=\"lXRMjX2KYR7IZSOZPFbm\"><a href=\"https:\/\/twitter.com\/vaneck_eu\/status\/1853754960951075093\" class=\"nkzum3vS9EE0UMk6wIwD\" target=\"_blank\" rel=\"noopener noreferrer\"><\/p>\n<div class=\"gxuhzv6slGlIBy5JFjVm\"><img src=\"https:\/\/pbs.twimg.com\/profile_images\/1463868586712305665\/kvOzEg0c_normal.jpg\" alt=\"VanEck Europe\" width=\"48\" height=\"48\" loading=\"lazy\"><\/div>\n<div class=\"gxuhzv6slGlIBy5JFjVm\">\n<div class=\"jM__a2FZ4FtvadsBSIC5\"><\/div>\n<\/div>\n<p><\/a><\/p>\n<div class=\"BwMePHrH3rvsmYE498nW\"><a href=\"https:\/\/twitter.com\/vaneck_eu\/status\/1853754960951075093\" class=\"oDvOSSsrnTspryAL9YVt\" target=\"_blank\" rel=\"noopener noreferrer\"><\/p>\n<div class=\"YqFZOCD996i_gAbVzqfJ\"><span title=\"VanEck Europe\">VanEck Europe<\/span><\/div>\n<p><\/a><\/p>\n<div class=\"T65hgE51dyqUMzAY5hl0\"><a href=\"https:\/\/twitter.com\/vaneck_eu\/status\/1853754960951075093\" class=\"jg4rjgPtL89uoWZw81FG\" target=\"_blank\" rel=\"noopener noreferrer\"><span title=\"@vaneck_eu\">@vaneck_eu<\/span><\/a><\/p>\n<div class=\"IulIEDncuBnezCKlPUfn\"><span class=\"f9i0GrOk4HWCqDStzGHE\">\u00b7<\/span><a href=\"https:\/\/twitter.com\/intent\/follow?screen_name=vaneck_eu\" class=\"X9KF8bvQvjpxMkEUAQSg\" target=\"_blank\" rel=\"noopener noreferrer\">Follow<\/a><\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/twitter.com\/vaneck_eu\/status\/1853754960951075093\" class=\"VAKgDYwbCPjVtzvR7vsi\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"View on Twitter\"><\/a><\/div>\n<p class=\"AdGEHCYjGQTkPV_D5imj\"><span>VanEck Expands Crypto Offering with Pyth Network<br \/>\nRead press release: <\/span><a href=\"https:\/\/bit.ly\/48D7PUi\" class=\"LuuFAn5qKGMLl5k1L76T\" target=\"_blank\" rel=\"noopener noreferrer\">bit.ly\/48D7PUi<\/a><span><br \/>\nMarketingCommunication<\/span><\/p>\n<div class=\"_0kiDv1j1JHI8CF0Ntb_\"><a class=\"PF6M5QdjvCYeUIeL82Pw\" href=\"https:\/\/twitter.com\/vaneck_eu\/status\/1853754960951075093\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"2:03 PM \u00b7 Nov 5, 2024\">2:03 PM \u00b7 Nov 5, 2024<\/a><a class=\"EUWNvie68q0hB7x9gYil\" href=\"https:\/\/help.twitter.com\/en\/twitter-for-websites-ads-info-and-privacy\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Twitter for Websites, Ads Information and Privacy\"><\/a><\/div>\n<div class=\"r1nP5SJS7VNmWTX19Auq\"><a class=\"gcUKEvUouWctDVs4Uni5\" href=\"https:\/\/twitter.com\/intent\/like?tweet_id=1853754960951075093\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Like. This Tweet has 169 likes\"><\/p>\n<div class=\"EYp9rp32FVnHEztzLqMG\"><\/div>\n<p><span class=\"aMeAuAqW2H34ePc2jorL\">169<\/span><\/a><a class=\"We700JQVK913TW5TZQk6\" href=\"https:\/\/twitter.com\/intent\/tweet?in_reply_to=1853754960951075093\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Reply to this Tweet on Twitter\"><\/p>\n<div class=\"SXNJIS9giXWKxuUsSwXx\"><\/div>\n<p><span class=\"qAurmX5F17a0m0GbrhOq\">Reply<\/span><\/a><button type=\"button\" class=\"EDcxfgdhQDFSaBs5yAxC\" aria-label=\"Copy link\" data-xeet-url-to-copy=\"https:\/\/twitter.com\/vaneck_eu\/status\/1853754960951075093\"><\/p>\n<div class=\"O1W4EuB8WU92_ex7pGQT\"><\/div>\n<p><span class=\"ovn4FbJMqbXsfiK7gvth\" data-copy-text=\"{&quot;copied&quot;:&quot;Copied!&quot;,&quot;copyAllText&quot;:&quot;Copy link to Tweet&quot;}\">Copy link<\/span><\/button><\/div>\n<div class=\"cjgWV81BwLW_tK8FicCg\"><a class=\"tczCx_QJsiI5O2NPUrfI\" href=\"https:\/\/twitter.com\/vaneck_eu\/status\/1853754960951075093\" target=\"_blank\" rel=\"noopener noreferrer\"><span class=\"LW1dI56xN0L7kAXJota7\">Read 36 replies<\/span><\/a><\/div>\n<\/article>\n<\/div>\n<\/div>\n<p>The product offers investor exposure to Pyth Network\u2019s capabilities.<\/p>\n<p>The surging interest from institutional players will strengthen Pyth\u2019s market presence as a top cryptocurrency. <\/p>\n<p>Recognition by industry giants remains crucial for stable growth in the upcoming years.<\/p>\n<p>The post <a href=\"https:\/\/invezz.com\/news\/2024\/11\/28\/pyth-network-price-eyes-channel-breakout-following-21shares-pyth-etp-release\/\">Pyth Network price eyes channel breakout following 21Share\u2019s PYTH ETP release<\/a> appeared first on <a href=\"https:\/\/invezz.com\/\">Invezz<\/a><\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/invezz.com\/news\/2024\/11\/28\/pyth-network-price-eyes-channel-breakout-following-21shares-pyth-etp-release\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Invezz ) Pyth Network (PYTH) exhibits robust bullishness as it approaches a channel breakout that could trigger a 73% price surge. The altcoin saw renewed bullish momentum over the past day after 21Shares launched multiple four ETPs, including a PYTH one. 21Shares @21Shares \u00b7Follow Big news: Four game-changing ETPs just released! [&hellip;]<\/p>\n","protected":false},"author":3947362363,"featured_media":42294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[39],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/42293"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362363"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=42293"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/42293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/42294"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=42293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=42293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=42293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}