As we see, there is a DeFi trend, more and more protocols are launched ecosystems are growing, etc. PYTH is an Oracle network which will be used by many services in DeFi. So from fundamental point of view, PPYTH has strong background.
From technical perspective, from the chart you might notice growing trading volume within past month or so. Taking into account little to no growth it indicates price consolidation accompanied by accumulation, which during a bull market usually leads to a mid-term growth.
Trade active
Bitcoin Sale postponed growth but PPYTH still stays quite strong, I think that the target will still be reached in case Bitcoin makes a new ATH
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.