Pitbull Token (PIT) Price Prediction 2024, 2025–2030 | CoinCodex (2024)

According to our current Pitbull Token price prediction, the price of Pitbull Token is predicted to rise by 230.78% and reach $ 0.0₈1088 by October 17, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 33 (Fear). Pitbull Token recorded 10/30 (33%) green days with 10.55% price volatility over the last 30 days. Based on the Pitbull Token forecast, it's now a bad time to buy Pitbull Token.

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Based on the historical price movements of Pitbull Token and the BTC halving cycles, the yearly low Pitbull Token price prediction for 2025 is estimated at $ 0.0₉3288. Meanwhile, the price of Pitbull Token is predicted to reach as high as $ 0.0₈1568 next year. Using the same basis, here is the Pitbull Token price prediction for each year up until 2030.

Pitbull Token price prediction 2025

The Pitbull Token price prediction for 2025 is currently between $ 0.0₉3288 on the lower end and $ 0.0₈1568 on the high end. Compared to today’s price, Pitbull Token could gain 371.61% by 2025 if PIT reaches the upper price target.

Pitbull Token price prediction 2030

The Pitbull Token price prediction for 2030 is currently between $ 0.0₉8452 on the lower end and $ 0.0₈1370 on the high end. Compared to today’s price, Pitbull Token could gain 312.12% by 2030 if it reaches the upper price target.

Pitbull Token's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strenght Index - RSI (14)

Based on our technical indicators, Pitbull Token's 200-day SMA will drop in the next month and will hit $ 0.0₉5259 by Oct 17, 2024. Pitbull Token's short-term 50-Day SMA is estimated to hit $ 0.0₉5182 by Oct 17, 2024.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 44.13, which indicates that the PIT market is in a neutral position.

Popular PIT Moving Averages and Oscillators for Tue, Sep 17, 2024

Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Pitbull Token Oscillators

An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.

Pitbull Token Key Price Levels

Based on today's classical pivot point (P1) with the value of $ 0.0₉3136, Pitbull Token has support levels of $ 0.0₉3009, $ 0.0₉2907, and the strongest at $ 0.0₉2780. Similarly, Pitbull Token resistance levels are at $ 0.0₉3238, $ 0.0₉3365, and $ 0.0₉3467.

Pitbull Token Correlation

Over the past 7 days, Pitbull Token price was most positively correlated with the price of and most negatively correlated with the price of .

Pitbull Token price is correlated with the top 10 coins by market cap with a price of , excluding Tether (USDT) and correlated with the top 100 coins by market cap excluding all stablecoins with a price of .

Currencies that are positively correlated with Pitbull Token indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Pitbull Token, a move in one direction for Pitbull Token would translate into a move in the opposite direction for the negatively correlated coin.

To get a better idea of what could happen to the Pitbull Token price in the future, it’s helpful to also explore Pitbull Token’s price history. In the last month, the PIT/USD pair is down .

How to read and predict Pitbull Token price movements?

Pitbull Token traders use a variety of tools to try and determine the direction in which the PIT market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Pitbull Token price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

Pitbull Token Price Prediction Indicators

Moving averages are among the most popular Pitbull Token price prediction tools. As the name suggests, a moving average provides the average closing price for PIT over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for PIT is a sum of PIT’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the PIT price moves above any of these averages, it is generally seen as a bullish sign for Pitbull Token. Conversely, a drop below an important moving average is usually a sign of weakness in the PIT market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the PIT price.

How to read Pitbull Token charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Pitbull Token with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Pitbull Token’s price action in 1-hour chunks. Each candlestick will display PIT’s opening price, closing price, as well as the highest and lowest prices that Pitbull Token reached within the 1-hour period.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of Pitbull Token?

Just like with any other asset, the price action of Pitbull Token is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of PIT. The market capitalization of Pitbull Token can change significantly in a short period of time.

When trying to make a Pitbull Token forecast, many traders also try to monitor the activity of PIT “whales”, which are entities and individuals that control large amounts of PIT. Since the Pitbull Token market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Pitbull Token’s price movements.

Bullish and bearish price prediction patterns

Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.