After Bitcoin surpassing $50.000 resistance, some of altcoins started to join uptrend. One of them is PYTH Network. Today PYTH rose about 6%. What levels should we follow? What is upcoming resistance and what is support level? Here are the details.

PYTH Network, Surpasses 0.66$ and Looking To Go Up

With Bitcoin exceeding the $ 50,000 level, money inflows to the cryptocurrency market have increased. The market capitalization increased by 2.7 percent in the last 24 hours to $2 billion, according to CoinGecko data. However, some of the money entering the market also turned to altcoins. What are the support and resistance levels in PYTH Network, one of today’s rising coins?

The first support level we will follow after this rise of PTYH Network is 0.55. We can say that the resistance zone is the 0.75 zone. In this period, it is possible to see the rise and fall scenarios in altcoins with the entry of money into the market and Bitcoin’s reactions to this situation.

Riding the wave of renewed optimism in the crypto market, the PYTH price has broken out, potentially fueled by the positive developments on the Sei network.

With sentiment firmly in “extreme greed” territory, investors are looking for altcoins with strong fundamentals, and PYTH seems to fit the bill.

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