Ethereum

Lido DAO

Bitcoin

Gains

Pyth Network

<p>The post <a href="https://coinpedia.org/price-analysis/crypto-market-explodes-as-eth-price-scales-ldo-and-pyth-price-record-massive-gains/" rel="noopener noreferrer nofollow">Crypto Market Explodes as ETH Price Scales: LDO and&nbsp; PYTH Price Record Massive Gains</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Just a few hours ago, the markets were stuck within a bearish consolidation as the Bitcoin price was stuck within a range of around $67,000. Many believed the price may maintain a healthy ascending consolidation and reach $71,000. However, with the <a href="https://coinpedia.org/price-analysis/ethereum-surges-over-20-as-rounds-of-spot-etf-approval-loom-over-the-market-is-a-new-ath-on-its-way/" target="_blank" rel="noopener noreferrer nofollow">rounds of the approval of spot Ethereum ETF</a> approval, the market participants appear to be hopeful for the upcoming trend. In the meantime, altcoins like LDO and PYTH have surged magnificently and could mark new highs soon.</p>
<h2 class="wp-block-heading" id="h-lido-dao-ldo-price-analysis">Lido DAO (LDO) Price Analysis</h2>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/lHr6THIPot-tgdWoHhadA4wmPJZFFyXXWAONNk7hBOI69ueyauCKU7ws4_A2Y1L281JXGYEN7aPraC2lR_wUDREsqcPUUnITlEJqsMtUJwsr7Ei_DVeK1sCLT7xKIXC1tRVY_mFC73mjG8ot_eD-w3M" alt="">
</figure>
<ul>
 <li>Regardless of the bearish pressures, the <a href="https://coinpedia.org/price-prediction/lido-dao-ldo-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">LDO price</a> has been trading within a rising wedge pattern which results in a minor pullback that has been accomplished</li>
</ul>
<ul>
 <li>However, the price is yet to enter back into the range but the latest jump with minimal bearish pressure has narrowed the distance&nbsp;</li>
</ul>
<ul>
 <li>Besides, the stochastic RSI in the weekly chart has initiated a bullish rebound, suggesting the price may maintain a healthy upswing hereafter</li>
</ul>
<ul>
 <li>The price has reached above $2.2 and if a rise above $2.5 stabilises before the day’s end, then a fresh upswing may begin to mark new yearly highs above $4.</li>
</ul>
<h3 class="wp-block-heading" id="h-pyth-network-pyth-price-analysis">Pyth Network (PYTH) Price Analysis</h3>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/r90StUqd6QBQMLzgm1RpAT80XX-5-hCdNjCRfFUtcKfw1TKgQidWYRjCiJeMJOZoOKZmo6XI31LsZvyENkvAixRsAJoFHyHu2jQl4b4XS4CWG4Idzil6l9NpVlJQtp5KhQ1sa1w6Qf0aF0lY-5M1_0Y" alt="">
</figure>
<ul>
 <li>The PYTH price has surged above the descending parallel channel and is about to enter the crucial zone which has been acting as a support-cum-resistance zone since the start</li>
</ul>
<ul>
 <li>The RSI has bounced from the bottom and is about to mark the average levels, which indicates a continued upswing&nbsp;</li>
</ul>
<ul>
 <li>However, a rise above the bearish influence may be validated once the levels enter, sustain and consolidate, which may cause a rise to $0.7</li>
</ul>
<ul>
 <li>Besides, if the bulls fall weak, then the PYTH price may again enter the parallel channel and constantly make attempts to break above the upper resistance</li>
</ul>

Crypto Market Explodes as ETH Price Scales: LDO and PYTH Price Record Massive Gains

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