The Pyth Network price today is trading around $0.187, cooling off from a powerful intraday rally that sent prices surging above $0.21 earlier. This breakout came after PYTH cracked a month-long descending resistance, launching the token out of its consolidation zone near $0.14. While the recent Pyth Network price spikes ignited strong bullish sentiment, traders are now focused on whether this upward momentum can be sustained heading into May 11.
On the 4-hour chart, price has pulled back after facing resistance near the $0.21–$0.22 supply zone. Despite the decline, the Pyth Network price action is still well above key support levels around $0.17–$0.18, which now serve as the immediate defense zone for bulls. Momentum indicators suggest that the move may be taking a breather before its next leg.
The dip from the local high appears to be more of a technical cooldown than a reversal. On the 30-minute and 1-hour charts, RSI has dropped from overbought territory to neutral levels near 47, suggesting momentum has normalized. The MACD has crossed slightly bearish, indicating that short-term sellers are active, but without strong conviction.
