If you want to invest in or buy the Pyth Network token and wonder what the right price to start accumulating Pyth Network is, then you are in the right place. As we go through the analysis, we will determine different patterns and how Pyth Network reacts to them. We will also see support and resistance, which is a good area for any instrument to buy or sell. Without any further delay, let’s dive into PYTH price analysis and explore different opportunities arising from it.
PYTH Price Analysis of May 10, 2025
Pyth Network started the session with a bullish breakout above its resistance zone, signaling early buyer strength. After surpassing the $0.1565 level, the price surged and entered a consolidation range. A second PYTH breakout pushed prices even higher, forming an upward-moving channel and marking the day’s high near $0.2116. The MACD confirmed these moves with repeated golden crossovers, reinforcing bullish sentiment. Meanwhile, RSI moved above 70, suggesting the rally could face temporary exhaustion.
Chart 1: PYTH/USDT M5 Chart, Analysed by vallijat007, published on TradingView, May 10, 2025
A brief pullback followed, but the price quickly found stability in a new range. Overall, the day showed strong trend behavior and aggressive buyer participation. The Pyth Network token formed a resistance area at $0.1565, which broke to the upside at 06:20 UTC, supported by a golden crossover of the MACD. This PYTH breakout led to a strong upward spike, signaling the beginning of bullish momentum. Following the move, the PYTH price entered a consolidation phase and formed a range.
At 10:00 UTC, the range upwardly broke out once again, supported by a golden crossover of the MACD. Confirmed persistent bullish pressure; this second breakout saw prices soar and create an upward-moving channel. At $0.2116, the rally noted the day’s high; it also set a new resistance zone at $0.2100. The RSI crossed above 70 during this strong move. Showing overbought market conditions and pointing to a potential reversal or at least a temporary pullback.
Resistance at $0.2100: Bulls Test Key Level Amidst Strong Trend
The upward-moving channel eventually broke to the downside at 15:20 UTC, supported by a death crossover of the MACD. However, the downside breakout lacked momentum and failed to follow through. Instead, price action stabilized, and a small range developed. That range broke out to the upside at 16:15 UTC, once again supported by a golden crossover of the MACD. The PYTH price spiked upward but failed to break through the newly established resistance at $0.2100. After facing rejection, the price pulled back slightly and formed a support area around $0.1850, signaling potential accumulation at lower levels.
In general, Pyth Network token had a strong trending posture throughout the session, with buyers clearly in the driving seat. When the resistance at $0.2100 cracks with a forceful impetus and the volume measures up, then there is a chance that the PYTH price is to press its rally to the $0.2500 level. This would mean that the bullish trend is still on. On the other hand, if the support at the $0.1850 level is broken, there is a good chance that a further correction will take place, which might drive the price down to the $0.1500 level, representing the buyers’ reentry opportunity.
Key Levels in Focus: $0.2100 Resistance vs. $0.1850 Support
Since Pyth Network has retreated under a strong resistance zone around $0.2100, traders should continue being on high alert. A breakout above such an area decisively will elicit a rush higher, possibly pushing PYTH price into the $0.2500 area. However, in the event that price fails to maintain bullish momentum and breaks below the $0.1850 support zone, then correction may ensue, maybe to the $0.1500 level. Signals of volume and momentum are important here. The MACD is still bullish, though RSI’s continued overbought readings could indicate fatigue. Traders should wait for confirmation before reacting because the next move may decide the short-term trend of PYTH.
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