Digital banking giant Revolut joins Pyth Network

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jan 08 2025

PYTH-5.957%

DEFI-3.39%

Should l Buy PYTH?

Revolut Joins Pyth Network: The U.K.-based digital banking company Revolut has partnered with the Pyth Network to become a data publisher, contributing its price data to enhance the decentralized finance ecosystem and bridge the gap between traditional finance and DeFi.
Impact on Decentralized Applications: This collaboration aims to improve the security and reliability of decentralized applications by providing accurate price feeds, while also expanding Revolut's presence in the web3 space amidst growing recognition of digital assets within traditional finance.

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Technical Analysis for PYTH

Technical Sentiment Analysis for Pyth Network (PYTH) As of , Pyth Network (PYTH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for PYTH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, PYTH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Pyth Network (PYTH) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0125	0.0243	0.0361	0.0479	0.0597	0.0715	0.0833
Fibonacci	0.0243	0.0333	0.0388	0.0479	0.0569	0.0624	0.0715

About PYTH

The Pyth Network is the largest and fastest-growing first-party oracle network. Pyth delivers real-time market data to financial dApps across 40+ blockchains and provides 380+ low-latency price feeds across cryptocurrencies, equities, ETFs, FX pairs, and commodities.The network comprises some of the world's largest exchanges, market makers, and financial services providers who contribute their own price data for use by smart contracts. Participants in the network include Binance, OKX, Jane Street, Bybit, Cboe Global Markets and more. The Pyth oracle program aggregates their data on-chain to guard against inaccuracies and manipulation. Finally, the protocol allows users to 'pull' the latest price onto their blockchain when needed.In less than a year since the launch of the cross-chain pull oracle, the network has secured over $1B in total value. The Pyth Network has been used by over 250 applications to secure $100B in trading volume. Integration with Pyth Price Feeds is permissionless.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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