If you are lucky enough to see this article, don't hesitate
Triangle breakout structure, go long on $PYTH immediately ❗️
My encounter with PYTH originated from in-depth research on the oracle sector. In the blockchain world, oracles act as a bridge connecting on-chain and off-chain, and their importance is self-evident. I remember at the end of 2023, when I discovered PYTH, it was still relatively unknown. However, through studying its innovative decentralized oracle solutions and cross-chain layout, I saw its immense potential in DeFi infrastructure.
Technical breakout:
1. Strong upward characteristics:
- Completed a breakthrough rebound from a low of 0.3130
- 24-hour increase of 2.11%
- MA7(0.4236), MA25(0.4032), MA99(0.3695) show a standard bullish arrangement
2. Trading data:
- 24-hour trading volume 56,181,100
- Trading amount 23,764,900 USDT
- Stable trading volume supports the rise
Fundamental advantages:
1. Technological innovation:
- High-performance oracle network
- Multi-chain deployment support
- Strong data real-time capability
2. Ecological development:
- Wide adoption of DeFi projects
- Cross-chain layout expansion
- Institutional investment support
Target management:
1. Short-term goal: 0.50
2. Mid-term goal: 0.70
3. Long-term goal: 1.00