Market Overview: The cryptocurrency market is experiencing a cooldown, with Ethereum (ETH) dropping to $4,440 and altcoins like Pyth Network (PYTH) seeing a 5% decline. However, PYTH's price structure resembles a bullish breakout pattern similar to Skale (SKL), which recently surged by 148%.
Future Projections for PYTH: For PYTH to confirm its bullish potential, it needs to close above the resistance zone of $0.1235–$0.1481. A successful breakout could lead to a target price of $0.21, indicating a possible 78% gain, but caution is advised as it remains susceptible to consolidation or false breakouts until confirmation occurs.
