Pyth Network Price Prediction for May 11: Can Bulls Sustain the $0.19 Breakout?
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 neutra…
The post Pyth Network Price Prediction for May 11: Can Bulls Sustain the $0.19 Breakout? appeared first on Coin Edition.
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Pyth Network Price Prediction for May 11: Can Bulls Sustain the $0.19 Breakout?
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 neutra…
The post Pyth Network Price Prediction for May 11: Can Bulls Sustain the $0.19 Breakout? appeared first on Coin Edition.
Read More