Add as a preferred source on GooglePyth Network Chart Analysis Sets $0.08051 Hourly Breakout Level
The analysis listed a Binance PYTH/USDT snapshot of $0.08040 and a previous hourly close of $0.08009, both below its threshold.
A chart analysis published Wednesday, Oct. 21, set a completed hourly close above $0.08051 as the breakout condition for Pyth Network (PYTH).
It listed Binance’s PYTH/USDT pair at $0.08040 and gave $0.08009 as the previous completed hourly close. Both readings were below the threshold. Under the setup, a move above $0.08051 during the hour would not qualify; the candle had to finish above that level.
The analysis placed the hourly 200-period exponential moving average at $0.07967. For the daily chart, it listed exponential moving averages at $0.07832 (20-day), $0.07015 (50-day) and $0.05520 (200-day). It gave the daily relative strength index (RSI) as 53.6 and described daily and hourly MACD histograms as negative.
The hourly condition uses a shorter timeframe than an earlier weekly resistance analysis near $0.10. Pyth Network’s governance token can be staked for governance and oracle integrity.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.