Pyth Network (PYTH) – Update on April 22, 2025
Current Price: $0.144786
24h Volatility: Increased by 0.63%
Market Capitalization: $500 million
24h Trading Volume: $6.3 million
Circulating Supply: 3.4 billion PYTH
Total Maximum Supply: 10 billion PYTH
All-Time High Price: $0.56 (February 20, 2025)
📊 Technical Analysis
RSI (14): 62.50 – The RSI indicates that the market is approaching overbought territory, but there are no strong signals of a significant decline yet.
MACD (12,26): 0.015 – The MACD shows positive divergence, signaling the potential for continued price increases.
Stochastic (9,6): 79.25 – Currently in overbought territory, indicating a possible slight correction in the short term.
ADX (14): 35.00 – A strong upward trend, with the ADX indicating that the market is strong and clear.
CCI (14): 57.00 – CCI is at a positive level, confirming the upward trend.
📈 Trend Assessment
Pyth Network is experiencing a strong upward trend, with technical indicators like MACD and RSI suggesting the market is in a phase of robust growth. Although the Stochastic is in overbought territory, the primary trend remains positive. Price forecasts may continue to rise in the short term if trading volume remains high.
Proposed Strategy:
Short-term: Consider continuing to buy if trading volume is strong and indicators support the upward trend.
Long-term: If the trend continues, Pyth Network may reach higher price levels. However, attention should be paid to corrections when RSI reaches overbought levels.