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
XRP Today's News: $650 million rush into exchanges, are investors preparing to sell?
In the past week, approximately 472 million XRP tokens flowed into exchanges, breaking the net outflow trend seen for several months and reflecting a defensive stance among holders amid geopolitical uncertainties. Although large inflows are generally seen as a warning sign of selling, they could also be a hedge. On the technical side, $1.30 is a key support level; if broken, the price could accelerate downward to $1.12. The resistance levels above are $1.50 and $1.61.
MarketWhisper23m ago
"1011 Insider Whale" claims the crypto market is still in a range-bound fluctuation
ChainCatcher Message: "1011 Insider Whale" GarrettJin posted on X platform stating that the current market transmission path is influenced by geopolitical impacts on the macro environment, which in turn further affects the crypto market. He pointed out that attention should be focused on indicators such as oil prices, the US dollar index, and the yields of 2-year and 10-year US Treasury bonds.
GarrettJin believes that the crypto market is still in a range-bound consolidation phase and states that maintaining caution is a common choice in the current environment.
GateNews36m ago
Bloomberg: The US-Iran conflict has limited impact on Bitcoin, currently consolidating between $60,000 and $70,000.
Bitcoin briefly declined in the US following news of strikes against Iran, but then rebounded, with trading prices surpassing pre-attack levels, indicating the market's low sensitivity to risk. After a significant correction, Bitcoin consolidated in the $60,000 to $70,000 range, retail participation decreased, and overall inflows weakened, resulting in a smaller impact from the new shock.
GateNews59m ago
Pi Network Foundation sells 48.88 million tokens, PI technical outlook is bearish
Pi Network recently experienced a surge in market supply after the foundation sold 48.88 million tokens, causing the price to fluctuate around $0.1700. Technical analysis shows that PI failed to break above the 50-day EMA at $0.1740, indicating a generally bearish outlook. If the $0.1700 support level is broken, further declines may occur. The community has criticized the transparency of token transfers, which has impacted market confidence.
MarketWhisper1h ago
Bitcoin briefly surged past $70,000 before falling back! Iran's capital outflow surged by 700%, VanEck calls it "building a bottom"
Bitcoin plunged and then rebounded after the US and Israel airstrikes on Iran, reaching a high of $70,110, currently around $68,500. Capital outflows from Iran's largest crypto exchange Nobitex surged by 700%, indicating that cryptocurrencies are becoming a channel for capital flight. VanEck's CEO believes the market is in a bottoming phase and remains optimistic about the future. Meanwhile, JPMorgan's Dimon warns of inflation risks, showing that geopolitical uncertainties continue to impact the market.
動區BlockTempo1h ago
Samson Mow Sees Bitcoin Bearish Pressure Eroding as Strategy, Metaplanet, Fed Shift Market Dynamics
Bitcoin’s 2026 bearish window is rapidly closing as corporate treasury accumulation accelerates and macro tailwinds build, tightening supply and reinforcing institutional demand, according to Jan3 CEO Samson Mow.
Samson Mow Warns 2026 Bitcoin Bearish Window Is Closing
Jan3 CEO Samson Mow
Coinpedia1h ago
