Pyth Network (PYTHUSD) Price Forecast: January 22
The PYTHUSD pair presents a strong resistance level. The coin is currently trading very close to the upper resistance area at the $0.41407 level and remains a buy signal for the coin holders. In case the bulls’ pressure breaks up the resistance level of $0.44237, the coin price may increase further to a $0.45000 high trend line which indeed will be a turnaround for the coin holders.
Key Levels:
Resistance Levels: $0.40000 $0.41000, $0.42000
Support Levels: $0.32000, $0.31000, $0.30000
PYTH (USD) Long-term Trend: Bullish (4H Chart)
Pyth Network presents a strong resistance zone and remains bullish on the higher time frames. This is clear as we can see the prices trading very close to the upper resistance area indicating a strong bullish trend. However, the recent market has favored the bulls.
The coin has been making higher highs and higher lows in previous actions; this has made it possible for the price to maintain an uptrend in recent times.
The PYTHUSD buyers made a strong push to the $0.41407 supply level above the EMA-50 resulting in intraday gains as the 4-hour chart commences today. Hence, staying above the resistance trend lines indicates a strong possibility for a bullish correction.
Additionally, the PYTHUSD pair however shows the continuation of bullish sentiment by pointing up on the daily signal. This means that the coin price will continue and remain present a strong resistance level. Thus, the next bulls’ target might be the $0.4500.00 high level soon in its long-term outlook.
PYTH (USD) Medium-term Trend: Bullish (1H Chart)
Despite the interference of short-term traders in the price flow, the medium-term time frame market also presents a strong resistance level by showing a bullish race. 
The price of Pyth Network can also be seen progressing upward above the moving averages. This shows that buyers are currently gaining more strength in the market.
The bullish reversal at the $0.40980 high level in the previous action has led to the coin’s recent high.
Earlier today, an additional buying pressure pushed the price of PYTHUSD above the critical level from the $0.40980 value to the $0.41645 resistance level above the moving averages.
This will however give the buy traders the tendency to further ladder up the trend. To push the price above the supply zone more buyers’ participation is a prerequisite.
Notably, there is a possibility of a further increase in the price of Pyth Network and the coin price will continue to present a strong resistance level as shown by the daily signal which is pointing upwards.
If the buy traders should increase their price actions and all the current support level holds, a psychologically key level at the $0.45000 supply level might be reached soon in its medium-term time frame.
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