Pyth Network (PYTHUSD) Price Forecast: January 24
It’s nice to see strong buying reactions from the PYTHUSD buyers after completing the low dips at the $0.37278 support level. The PYTHUSD pair claims another bullish cycle at a $0.40900 high value with an intraday gain and this may continue in the same direction. Further increase in the bulls’ pressure may break up at the $0.44237 level and this may push the price of the crypto to the $0.45000 upper high mark, resulting in an intraday gain for coin buyers.
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 claims another bullish cycle by trading above the supply trend line after completing the lows on the higher time frames. This is clear as we can see the prices trading above the resistance trend line indicating another bullish trend. 
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 coin claims another bullish cycle today by trading above the moving averages at the $0.40900 resistance level. This is an indication of a more bullish impact in the market.
PYTHUSD is trading in a “Rising Channel”, making higher highs and higher lows, showing signs of bullishness. This will enable buyers to influence the price tendency
Further, the price of Pyth Network might continue its upward move as shown by the price indicator which is in an upward direction. If the price can break above the $0.44237 high mark, then we can expect a swift increase to the $0.45000 upper resistance level and even break above soon as it claims another bullish cycle in its long-term outlook.
PYTH (USD) Medium-term Trend: Bullish (1H Chart)
The market value of PYTHUSD in the medium-term time frame (1-hour) at a $0.40900 supply level has also claimed another bullish cycle as the coin price can be seen above the exponential moving averages.
The market structure which shows that the coin price claims another bullish cycle may now be trading in a new ascending channel.
The bulls attempted to climb above the previous session’s high of $0.43673. Nevertheless, the bias remains positive in its recent price level.
The bulls claim another bullish cycle by making a corrective rally up to a $0.40900 high level above the moving averages shortly after the 1-hour session opens today. This is a result of more concerns from the long traders.
Thus, it is very likely that the bulls will continue rising as we are seeing a bullish correction in place at the present. A strong breakup above the $0.44087 resistance point would strengthen the bullish pressure.
Similarly, the Pyth Network price may likely continue its journey up north as indicated by the daily stochastic which is pointing in an upward direction. Hence, the next bulls’ target might be the $0.45000 upper high mark sooner as the coin price claims another bullish cycle in its medium-term outlook.
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