$PYTH It still pulls pretty quickly.
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10年老韭加密研究中心
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【Veteran Crypto Trader's Watch】 $PYTH
What makes PYTH worth watching this time isn't just its oracle sector positioning, but the increasingly direct link between its revenue and demand for the token.
On October 8, Pyth announced that all revenue the DAO earns from its products will go toward the PYTH reserve. The project disclosed that ARR reached approximately $11.49 million at the end of September, up about 86.5% quarter over quarter.
After the news broke, PYTH briefly rose from around $0.0738 to near $0.0812, with trading volume also increasing significantly. But the price later pulled back, suggesting the market is still digesting the news.
My approach isn't to chase the first move, but to watch how the price holds after a pullback.
Entry: $0.0795–$0.0830 (consider entering only after a pullback stabilizes)
Take profit: $0.0870 / $0.0900 / $0.0940 / $0.0980 / $0.12
Stop loss: $0.0765
The buyback mechanism is a positive, but we'll still need to see how it's implemented and whether revenue can continue to grow.
What makes PYTH worth watching this time isn't just its oracle sector positioning, but the increasingly direct link between its revenue and demand for the token.
On October 8, Pyth announced that all revenue the DAO earns from its products will go toward the PYTH reserve. The project disclosed that ARR reached approximately $11.49 million at the end of September, up about 86.5% quarter over quarter.
After the news broke, PYTH briefly rose from around $0.0738 to near $0.0812, with trading volume also increasing significantly. But the price later pulled back, suggesting the market is still digesting the news.
My approach isn't to chase the first move, but to watch how the price holds after a pullback.
Entry: $0.0795–$0.0830 (consider entering only after a pullback stabilizes)
Take profit: $0.0870 / $0.0900 / $0.0940 / $0.0980 / $0.12
Stop loss: $0.0765
The buyback mechanism is a positive, but we'll still need to see how it's implemented and whether revenue can continue to grow.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.