Technical analysis by Shotokhan about Symbol PYTH: Buy recommendation (11/11/2024)

PYTH has not awakened yet despite the entire Solana ecosystem has been pumping following SOL itself. It's weird because we all expect it to be the new LINK. I wanna believe it will start late but will catch up. I drawed the trendline and the resistance zone to show you that price is currently into a sort of ascending triangle. I'll consider this alts awakened when price will break out that resistance zone up there. As you can see from weekly chart the recently closed candles was a bullish engulfing one, hopefully this is a sign price will hit the resistance soon although to be honest, on daily timeframe there's a clear bearish DIV on RSI With current market cap around 1.5 bn PYTH can easily do 10x from here and this is a conservative target. I have a small bag already but I it's still in buy zone.NOTE: this is a mid to long term TA.Good luck