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Pyth Network (PYTH) Price Prediction 2024, 2025, 2026-2030

  • Bullish PYTH price prediction for 2024 is $0.7348 to $1.0629.
  • Pyth Network (PYTH) price might reach $1 soon.
  • Bearish PYTH price prediction for 2024 is $0.2261.

In this Pyth Network (PYTH) price prediction 2024, 2025-2030, we will analyze the price patterns of PYTH by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency

TABLE OF CONTENTS

INTRODUCTION

  • Pyth Network (PYTH) Current Market Status
  • What is Pyth Network (PYTH)?
  • Pyth Network (PYTH) 24H Technicals

PYTH NETWORK (PYTH) PRICE PREDICTION 2024

  • Pyth Network (PYTH) Support and Resistance Levels
  • Pyth Network (PYTH) Price Prediction 2024 — RVOL, MA, and RSI
  • Pyth Network (PYTH) Price Prediction 2024 — ADX, RVI
  • Comparison of PYTH with BTC, ETH
PYTH NETWORK (PYTH) PRICE PREDICTION 2025, 2026-2030
CONCLUSION
FAQ

Pyth Network (PYTH) Current Market Status

Current Price $0.5957
24 – Hour Price Change 7.45% Up
24 – Hour Trading Volume $158,210,050
Market Cap $893,529,496
Circulating Supply 1,499,989,219 PYTH
All – Time High $0.6544 ( On Nov 20, 2023)  
All – Time Low $0.2289 (On Jan 08, 2024)  

PYTH Current Market Status
(Source: CoinMarketCap)

What is Pyth Network (PYTH)

TICKER PYTH
BLOCKCHAIN Solana Blockchain
CATEGORY Decentralized Oracle Network
LAUNCHED ON November 2023
UTILITIES Governance, security, gas fees & rewards

Pyth Network, established in 2020, addresses the shortcomings of traditional oracles by providing ultra-low-latency, institutional-grade market data for decentralized finance (DeFi). Serving as a decentralized marketplace for financial data, Pyth incentivizes over 90 first-party publishers, including major exchanges and market-making firms, to contribute their proprietary data directly to the blockchain. This innovative “first-party” data model future-proofs Pyth for the evolving DeFi landscape. The Pyth Protocol aggregates data from these providers on the Pythnet blockchain, producing unified price feeds every 400 milliseconds. 

Notably, Pyth stands out with a “Pull Oracle” architecture, allowing users to request updates when needed, minimizing gas fees. With over 350 low-latency price feeds and high-frequency updates, Pyth Network excels in speed, coverage, and sourcing/quality of data, making it a game-changer among blockchain oracles. Pyth’s transparency, multi-chain availability, and high-resolution data contribute to its significance in the DeFi space.

Pyth Network 24H Technicals

Pyth Network (PYTH) Price Prediction 2024

Pyth Network (PYTH) ranks 92nd on CoinMarketCap in terms of its market capitalization. The overview of the Pyth Network price prediction for 2024 is explained below with a daily time frame.

PYTH/USDT Right Angled Descending Broadening Wedge Pattern (Source: TradingView)

In the above chart, Pyth Network (PYTH) laid out a right-angled descending broadening wedge pattern. A right-angled descending broadening wedge is a bullish reversal pattern. The pattern is an inverted ascending triangle because it is made up of two converging lines with a horizontal line for the resistance and a bearish downward slant for the support.

Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts.

At the time of analysis, the price of Pyth Network (PYTH) was recorded at $0.5648. If the pattern trend continues, then the price of PYTH might reach the resistance level of $0.3655, $0.5835, and $1.4151. If the trend reverses, then the price of PYTH may fall to the support of $0.2261.

Pyth Network (PYTH) Resistance and Support Levels

The chart given below elucidates the possible resistance and support levels of Pyth Network (PYTH) in 2024.

PYTH/USDT Resistance and Support Levels (Source: TradingView)

From the above chart, we can analyze and identify the following as resistance and support levels of Pyth Network (PYTH) for 2024.

Resistance Level 1 $0.7348
Resistance Level 2 $1.0629
Support Level 1 $0.5036
Support Level 2 $0.3446
PYTH Resistance & Support Levels

Pyth Network (PYTH) Price Prediction 2024 — RVOL, MA, and RSI

The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Pyth Network (PYTH) are shown in the chart below.

From the readings on the chart above, we can make the following inferences regarding the current Pyth Network (PYTH) market in 2024.

INDICATOR PURPOSE READING INFERENCE
50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $0.5063
Price = $0.5703
(50MA < Price)
Bullish/ Uptrend
Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 68.2946
<30 = Oversold
50-70 = Neutral

>70 = Overbought
Neutral
Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak volume

Pyth Network (PYTH) Price Prediction 2024 — ADX, RVI

In the below chart, we analyze the strength and volatility of Pyth Network (PYTH) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).

From the readings on the chart above, we can make the following inferences regarding the price momentum of Pyth Network (PYTH).

INDICATOR PURPOSE READING INFERENCE
Average Directional Index (ADX) Strength of the trend momentum 53.9078 Strong Trend
Relative Volatility Index (RVI) Volatility over a specific period 76.05

<50 = Low
>50 = High

High volatility

Comparison of PYTH with BTC, ETH

Let us now compare the price movements of Pyth Network (PYTH) with that of Bitcoin (BTC), and Ethereum (ETH).

BTC Vs ETH Vs PYTH Price Comparison (Source: TradingView)

From the above chart, we can interpret that the price action of PYTH is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of PYTH also increases or decreases respectively.

Pyth Network (PYTH) Price Prediction 2025, 2026 – 2030

With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Pyth Network (PYTH) between 2025, 2026, 2027, 2028, 2029 and 2030.

Year  Bullish Price  Bearish Price
Pyth Network (PYTH) Price Prediction 2025 $2 $0.2
Pyth Network (PYTH) Price Prediction 2026 $3 $0.15
Pyth Network (PYTH) Price Prediction 2027 $4 $0.1
Pyth Network (PYTH) Price Prediction 2028 $5 $0.09
Pyth Network (PYTH) Price Prediction 2029 $6 $0.07
Pyth Network (PYTH) Price Prediction 2030 $7 $0.05

Conclusion

If Pyth Network (PYTH) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Pyth Network (PYTH) price prediction for 2024 is $1.0629. Comparatively, if unfavorable sentiment is triggered, the bearish Pyth Network (PYTH) price prediction for 2024 is $0.3446. 

If the market momentum and investors’ sentiment positively elevate, then Pyth Network (PYTH) might hit $1. Furthermore, with future upgrades and advancements in the Pyth Network ecosystem, PYTH might surpass its current all-time high (ATH) of $0.6544 and mark its new ATH.

FAQ

1. What is Pyth Network (PYTH)?

Pyth Network, established in 2020, addresses the shortcomings of traditional oracles by providing ultra-low-latency, institutional-grade market data for decentralized finance (DeFi)

2. Where can you purchase Pyth Network (PYTH)?

Pyth Network (PYTH) has been listed on many crypto exchanges, including Binance, OKX, Bybit, Blofin, and Bitrue.

3. Will Pyth Network (PYTH) reach a new ATH soon?

With the ongoing developments and upgrades within the Pyth Network Platform, PYTH has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Pyth Network (PYTH)?

On November 20, 2023, PYTH reached its new all-time high (ATH) of $0.6544.

5. What is the lowest price of Pyth Network (PYTH)?

According to CoinMarketCap, PYTH hit its all-time low (ATL) of $0.2289 on Jan 08, 2024.

6. Will Pyth Network (PYTH) reach $1?

If Pyth Network (PYTH) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $1 soon.

7. What will be Pyth Network (PYTH) price by 2025?

Pyth Network (PYTH) price is expected to reach $2 by 2025.

8. What will be Pyth Network (PYTH) price by 2026?

Pyth Network (PYTH) price is expected to reach $3 by 2026.

9. What will be Pyth Network (PYTH) price by 2027?

Pyth Network (PYTH) price is expected to reach $4 by 2027.

10. What will be Pyth Network (PYTH) price by 2028?

Pyth Network (PYTH) price is expected to reach $5 by 2028. 

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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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