PYTH NETWORK
Panjang

Perfect Time to Long PYTH – Targeting $0.50-$0.55, Then $1-$1.15

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PYTH is showing a strong setup for a long position. A move to the $0.50-$0.55 range looks likely, with the next key resistance at $1-$1.15 if market momentum mirrors February-March 2024.

Fundamentally, Pyth Network has gained dominance due to Solana's high-speed, low-cost infrastructure, which aligns perfectly with Pyth's real-time, on-demand price feeds. With the meme coin frenzy and massive trading activity on Solana, Pyth has become the go-to oracle for fast and reliable data.

Unlike Chainlink, which relies on slower, aggregated updates, Pyth leverages direct data from multiple premium providers (like CBOE and Binance) and delivers ultra-low-latency price feeds, which makes it ideal for high-frequency trading and DeFi protocols.

Additionally, Pyth rapidly expanded its price feeds across multiple assets and chains, outpacing Chainlink in both speed and adoption, while maintaining gas efficiency and cross-chain compatibility.

syot kilat

PYTHUSD

Penafian

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