Technical analysis by Samura0x about Symbol PYTH: Buy recommendation (2/7/2024)
https://sahmeto.com/message/2536822

Samura0x
Rank: 14144
Analytical Power:
1.4

Let's start with the basics.Pyth is prica oracle by analogy with $LINK. One of the most fundamental projects in the ecosystem, whose infrastructure is used by many other Solana dAppsFrom a price perspective, PYTH has already formed a local bottom and we could be looking at adding to the position at this levelI look quite positively at this asset as a potential upside to Solana. If the market and Solana are ok, I expect $1+ here.The position is long term, not recommended for all scalping and lower TFs.
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Signal Type: Buy
Time Frame:
1 dayPrice at Publish Time:
$0.44405