PYTH is gaining momentum after a strong bounce from the $0.124 zone, with price action pushing toward short-term resistance. Traders are watching closely as volume and RSI signal a potential breakout continuation.
- Current Price: $0.1298
- 24h Change: +4.34%
- 24h High/Low: $0.1322 / $0.1241
📉 4H Chart Analysis
- Trend: Short-term bullish — price climbing steadily from $0.1052 low
- Support Levels: $0.1260 (reclaimed demand zone), $0.1200 (major support)
- Resistance Levels: $0.1322 (local high), $0.1539 (major swing high)
- Pattern: Breakout from descending trendline confirmed; candles forming higher highs
- Volume: Increasing — 5-period MA above 10-period MA, indicating strong buying interest
- RSI: 71.1 — overbought zone, signaling caution for new long entries
📰 Market Context
PYTH Network has seen a surge in attention following its Q2 performance update, with Total Value Secured (TVS) reaching $8.1B and integrations expanding across 14 new blockchains. The launch of Express Relay and adoption of the pull oracle model have positioned PYTH as a leading oracle solution in DeFi. Recent partnerships, including one with Swiss crypto bank Amina, further boost its credibility and utility.
📈 Short-Term Outlook
Bullish. If PYTH holds above $0.126 and breaks $0.1322 with volume confirmation, a move toward $0.1508 or higher is possible. However, RSI above 70 suggests a potential cooldown or consolidation before continuation.
💬 Will PYTH push past $0.1322 and retest $0.15, or is a pullback on the horizon? Let’s hear your take!
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⚠️ Disclaimer: This is for educational purposes only and is not financial advice.
