Pyth Network (PYTH) Jumps 40% — What's Next?

Pyth Network (PYTH) has started to attract renewed attention after an extended period of selling pressure. Following a rebound from its recent low, the token is showing early signs of stabilization, with buyers gradually regaining control. While it remains too early to confirm a long-term trend reversal, the improving price structure makes PYTH one of the more interesting cryptocurrencies to watch in the short term.

Pyth Network (PYTH) price target

PYTHUSD - 1 Day Time Frame

After forming a local low at $0.029, PYTH traded sideways for several days, allowing the market to stabilize after the previous sell-off. It then began forming a series of higher highs and higher lows, signaling an improvement in the short-term market structure. From this bottom, the token has gained more than 50%, trading around $0.044 at the time of writing.

The nearest and most important support zone is located around $0.038. This is where buyers could be expected to step in if the market experiences a pullback. However, it will be important for PYTH to avoid closing a higher-timeframe candle below this level, as doing so could weaken the current bullish structure and increase the likelihood of further downside.

If this key support fails to hold, attention could shift to the next support level at $0.033. Once again, the reaction from buyers will be important. If price stabilizes around this level, closes above it, and subsequently moves higher, it could indicate renewed bullish momentum and support the recovery scenario.

Pyth Network (PYTH) price target

If PYTH continues to build on its recent strength, the first upside target is the $0.051 resistance level, located just above the psychologically significant $0.050 mark. This area could represent the first major test of the current bullish momentum, as increased selling pressure may emerge around this zone.

Should buyers manage to break above this resistance, confirmation will be important. Ideally, the market would close above the level and continue holding it during any subsequent pullback. If that occurs, attention could shift to the next resistance at $0.060, a level that previously triggered significant selling pressure.

Beyond that, the next target is located around $0.064, just above an important liquidity zone near $0.063. If buyers are able to absorb selling pressure there, the market could continue toward the fourth target at $0.071. As with the previous resistance levels, a sustained move above this area would provide stronger confirmation that bullish momentum remains intact.

From a broader perspective, PYTH remains in a recovery phase following a prolonged downtrend. While the recent improvement in price structure suggests that momentum is beginning to shift in favor of buyers, maintaining higher lows will remain key to supporting the bullish outlook. At the same time, broader cryptocurrency market sentiment, macroeconomic developments, and geopolitical events could continue to influence PYTH's next major move.

Crypto assets are unregulated, decentralised and highly volatile assets which entail substantial risks and you may lose all invested capital. Refer to the Disclaimers for detailed information on potential risks.