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The Pyth Network price has pumped 42% in the last 24 hours to trade at $0.7417 as of 4:50 a.m. EST on trading volume that surged 747% to $533 million.
This comes as the Pyth Network partners with the HBAR Foundation, an entity committed to fostering the expansion and advancement of Hedera’s ecosystem, to incorporate Pyth Price Feeds into the Hedera Network.
Today, we are excited to reveal a partnership with the @HBAR_foundation to bring all 400+ Pyth Price Feeds to @hedera 🔮
HLiquity is the first DeFi application on Hedera to be Powered by Pyth.
Learn more about this launch below:
ℹ️ About the HBAR Foundation
The HBAR… pic.twitter.com/dRbFRwgpBG
— Pyth Network 🔮 (@PythNetwork) February 26, 2024
Pyth Network says that these price feeds will enable the Hedera developers to create secure DeFi applications. Additionally, individuals on Hedera can readily access the latest prices through the Pyth Price Feeds’ Pull Oracle design.
Pyth Network Price Sustains Bullish Momentum Above The Bullish Pennant
PYTHUSDT Analysis By Tradingview
The Pyth Network price has been on a gradual uptrend, indicating an upward push by the bulls from the support level at $0.2454.
However, the bulls faced rejection at $0.6778, leading to a tussle between the sellers and buyers as the price forms the bullish pennant pattern, indicating a bullish trend continuation. Resiliently, PYTH traders took advantage of the pennant at the support level of $0.5247, pushing the price to $0.8151 high.
Additionally, the technical indicators support the momentum as the bulls have driven the price upwards, surpassing the 50-day and 200-day simple moving averages (SMA). The moving average cross at $0.3228 affirms the general bullish momentum for the Pyth Network price.
Although indicating a short decline, the Relative Strength Index (RSI) is trending upwards in the overbought region of 70 at 72. The rebound on the 50 midline level could see the RSI sustain its bullish outlook in the overbought region.
Pyth Network Price Maintains A General Bullish Bias
Despite the decline at $0.8198 high, the Pyth Network price has sustained a general bullish outlook. If the momentum continues, the bulls could reclaim the high. However, a further push above this level could see the bulls take profit at the $0.9460 level.
On the flip side, the bears might sustain the current correction, leading to the price decline and forcing the bulls to find a haven at the $0.6825 support zone coinciding with the upper boundary of the pennant.
As traders await a reliable trading signal, investors are rushing to buy SMOG, which has been making waves in the crypto scene by promising the launch of the biggest airdrop in history.
Smog Poised To Top Solana Meme Coins, Best Crypto To Buy Now
Smog launched on Jupiter DEX on February 7 and makes no bones about its ambition to outperform BONK, MYRO, and WIF, and become the new king of Solana meme coins.
In pursuit of this goal, SMOG operates under its slogan, “One meme coin to rule them all,” while announcing that its upcoming airdrop will be ”the greatest in history.” For investors who didn’t catch Jupiter’s iconic $700 million airdrop on Solana, the SMOG airdrop presents an excellent opportunity with 35% of the total 1.4 billion token supply allocated for the airdrop.
One #Memecoin to rule them all! 🚀
Get ready for the greatest #Airdrop in history, distributed on #Solana. 💰
Join #SMOG on Zealy! 🔥
Link in Bio 🔗 pic.twitter.com/vsn4p5cSF4
— SMOG (@SMOGToken) February 8, 2024
Buy Smog Now, Qualify For The Greatest Airdrop In History
To participate in the Smog airdrop, you can buy and hold smog tokens in your wallet, which will earn you points. Alternatively, you can join Smog’s socials managed by Zealy. This includes taking part in tasks through quests and completing them to get rewarded with points.
With more than 28,800 holders and a community of 65,000 members across various platforms, the token’s market cap has risen to $42 million. The project is currently making arrangements for listings on additional major exchanges, presenting an ideal moment to get involved.
Join the #SMOG community on #Zealy and increase your points for the $SMOG #Airdrop. 🐲
Complete quests for extra points! 📊
Stay tuned for upcoming announcements. 📢🔗https://t.co/3EQxvQwsw3#CryptoCommunity #Altcoins #Memecoins #Binance #Crypto
— SMOG (@SMOGToken) February 21, 2024
At the same time, Smog’s staking protocol could earn you a passive income of an impressive 42% annual percentage yield (APY).
According to Jacob Bury, a crypto analyst and YouTuber, Smog could potentially surge 100X, helping mint a new batch of millionaires this year
For a 10% discount, buy Smog on its official website here and be eligible for the historic airdrop.
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