Pyth Network Price Prediction for May 11
The post Pyth Network Price Prediction for May 11 appeared on BitcoinEthereumNews.com. 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. What’s Happening With Pyth Network’s Price? 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. Why Pyth Network Price Going Down Today? 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. Meanwhile, the Bollinger Bands on the 4-hour timeframe have widened, and price has returned to the midline, reflecting cooling Pyth Network price volatility. The Stochastic RSI also points to a reset from extreme levels, adding to the consolidation narrative. This is typical behavior after steep vertical rallies, especially one that pushed PYTH nearly 40% higher in less than 48 hours. Pyth Network Price Update: Key Levels to Watch From a structure standpoint, the breakout remains intact. The daily chart shows that the Pyth Network price reclaimed the $0.145–$0.15 supply turned support zone, which had rejected bulls multiple times in April. This level is now acting…
The post Pyth Network Price Prediction for May 11 appeared on BitcoinEthereumNews.com.
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. What’s Happening With Pyth Network’s Price? 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. Why Pyth Network Price Going Down Today? 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. Meanwhile, the Bollinger Bands on the 4-hour timeframe have widened, and price has returned to the midline, reflecting cooling Pyth Network price volatility. The Stochastic RSI also points to a reset from extreme levels, adding to the consolidation narrative. This is typical behavior after steep vertical rallies, especially one that pushed PYTH nearly 40% higher in less than 48 hours. Pyth Network Price Update: Key Levels to Watch From a structure standpoint, the breakout remains intact. The daily chart shows that the Pyth Network price reclaimed the $0.145–$0.15 supply turned support zone, which had rejected bulls multiple times in April. This level is now acting…
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