$PYTH is one of the leading players in the oracle track. It focuses on sub-second ultra-fast financial data, and its native oracle for the Solana ecosystem is now deployed across more than a hundred public chains.
✅ Positive factors:
1. New business model: all product subscription revenue is used to buy back PYTH, and the income is used to support the token, improving fundamentals;
2. Integration with Nasdaq market data enhances its institutional attributes;
3. Outstanding performance over the past 30 days, with continuous capital inflows.
⚠️ Risks:
1. In the short term, RSI is on the high side, creating pressure for a pullback after being overbought;
2. The decline from historical highs has been massive, and there will still be pressure from large unlocks in the future;
3. The oracle track is highly competitive, leading to a long-term battle with LINK.
📌 Key price levels on the chart
Support: around 0.072
Resistance: 0.080
#PYTHUSDT $SOL
✅ Positive factors:
1. New business model: all product subscription revenue is used to buy back PYTH, and the income is used to support the token, improving fundamentals;
2. Integration with Nasdaq market data enhances its institutional attributes;
3. Outstanding performance over the past 30 days, with continuous capital inflows.
⚠️ Risks:
1. In the short term, RSI is on the high side, creating pressure for a pullback after being overbought;
2. The decline from historical highs has been massive, and there will still be pressure from large unlocks in the future;
3. The oracle track is highly competitive, leading to a long-term battle with LINK.
📌 Key price levels on the chart
Support: around 0.072
Resistance: 0.080
#PYTHUSDT $SOL