Price Prediction
Pyth Network Price Prediction: PYTH Could Reach $0.0903 and $0.1084
Pyth Network's PYTH token is expected to continue rallying this week, with a price prediction of reaching $0.0903 and potentially $0.1084. The token is currently trading near $0.0865, up 6.20% today after breaking above the upper Bollinger Band at $0.0861. The DAO has committed 100% of its revenue to buying back PYTH tokens, which has supported the token's price. The 20-day EMA at $0.0764 is the nearest support, with the 100-day and 200-day EMAs at $0.0585 and $0.0566, respectively. A close below the 20-day EMA at $0.0764 would risk a pullback toward the 50-day EMA at $0.0668, while a close below the weekly 0.236 Fibonacci level at $0.0672 would undo the breakout and potentially lead to a slide back to the 50-day EMA.