January 28 News, after experiencing significant fluctuations recently, PYTH price successfully established a stage support around $0.05. Driven by related listing news, the token once surged rapidly, with intraday gains approaching 17%, then entered a consolidation phase at high levels, prompting the market to reassess its subsequent growth potential.
From a fundamental perspective, after gaining broader channel support, PYTH significantly expanded its potential user coverage and also improved the project’s market visibility and liquidity to some extent. Such changes often help lower the participation threshold for ordinary investors and have a positive impact on medium-term capital structure, which is not common in the oracle track.
On-chain capital movements are also worth noting. Public data shows that some large addresses increased their holdings significantly after the news was announced, with positions growing by over 6% in a short period. These funds are usually more inclined toward medium- and long-term allocation, and their behavioral changes are often seen as recognition of the project’s fundamentals or price structure, potentially also creating a demonstrative effect on market sentiment.
In the derivatives market, the open interest of PYTH contracts has significantly increased, indicating heightened trading activity. Meanwhile, the funding rate briefly turned negative, suggesting short positions have accumulated. Under the premise of a strong price, this structure may lay the groundwork for future volatility amplification.
Technically, on the daily chart, PYTH is forming a double bottom pattern, with the $0.05 region serving as a key support level. The MACD has already shown a bullish crossover, and the RSI has rebounded from low levels to a neutral zone, reflecting a gradual weakening of bearish momentum. The key resistance to watch above is around $0.074; a successful breakout would confirm the completion of the pattern.
If trading volume and momentum cooperate, the price could further test the $0.10 region, with a potential upside of about 65%. In the short term, there may still be oscillations and profit-taking, but from a structural perspective, PYTH has entered a new observation window, and its subsequent performance is worth continuous monitoring.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Solana News Today: Stablecoin Transfers Reach 650 Billion, Surpassing Ethereum, Infrastructure Role Elevated
In February 2026, Solana's stablecoin transfer volume reached $650 billion, surpassing Ethereum and TRON, indicating a shift from speculation to real-world applications on its network. Solana's low transaction fees, fast confirmation times, and high throughput are its main competitive advantages, signaling its growth potential in DeFi and payment scenarios. Technically, the key support level for SOL is $80, with resistance at $92.
MarketWhisper6m ago
Meme coin watchlist: Who is cultivating true fans, and who is manipulating the data?
Written by: Michael Nadeau
Compiled and organized by: BitpushNews
Whether you like it or not, we believe memecoins will have a long-term presence. This article will share macro perspectives on the industry and delve into the memecoins we are closely monitoring.
Let's get started.
Why Focus on Memecoins
Our Methodology
Some people love memecoins, while others despise them. We try to step outside of this debate and simply observe the market. From our observations, memecoins have taken root. From the perspective of "Product-Market Fit (PMF)," they seem to be the ultimate crypto "game." People enjoy trading, gambling, social interactions, and the risk-reward dynamics. Moreover, we believe participants are very clear about what kind of game they are playing.
Having witnessed PEPE in the market,
PANews37m ago
BitMine is sweeping up 60,000 ETH! Tom Lee confidently states: "The mini crypto winter" is coming to an end.
Bitmine Immersion Technologies recently purchased 60,976 Ethereum, totaling approximately $120 million, to support the crypto market. Despite facing $7.8 billion in unrealized losses, Chairman Tom Lee remains actively buying, believing the market is close to the bottom. The company plans to stake all its Ethereum, with an estimated annualized return of $259 million, urging investors to seize the bottoming opportunity.
区块客1h ago
MICA Daily｜ETH Open Interest Hits a One-Year Low, Possibly Indicating Market Revival
Recently, Binance's ETH derivatives market has shown significant changes, with the total open interest around $4.26 billion, approaching historical average levels, and no signs of excessive leverage. The 30-day moving average has dropped to its lowest since 2025, reflecting a decrease in leverage usage, with traders reducing risk, indicating increased market uncertainty.
区块客1h ago
Long and short positions are balanced for the first time in history, revealing the true story of crypto deleveraging through Ethena's sharp decline
Author: Kyle Soska, Chief Investment Officer of Ramiel Capital
Compiled by: Felix, PANews
The crypto market has been in a risk-averse state for several months. Kyle Soska, Chief Investment Officer of Ramiel Capital, has been carefully analyzing various market data to look for signs of a potential market turnaround. This article will explore the market structure of perpetual contracts and combine
PANews1h ago
Bitcoin returns to $70,000: Geopolitical conflict concerns ease, ETF fund inflows continue to drive BTC rebound
On March 10th, Bitcoin broke through $70,000 during the East Asian trading session, completing a recovery after the weekend sell-off. As volatility in the energy markets eased, selling pressure on risk assets diminished. Market data shows that institutional capital inflows continue to support Bitcoin, investor sentiment is improving, and short-term upside potential is increasing.
GateNews2h ago
