December 9th recommended bottom-fishing target, expected return of 20%+.
$PYTH (Pyth Network) is a decentralized oracle network that has developed rapidly in the past two years, primarily serving to provide real-time and reliable financial market prices for dApps across multiple blockchains.
From a token perspective, the current FDV is about $689 million, market capitalization is about $396 million, and circulation rate is 57.5%, making it a medium-sized project with relatively controllable volatility. The recent price is $0.0687, with a 33% pullback over the past 30 days and an 11% drop over the past 14 days, indicating a moderate rebound phase after a sustained decline. From the end of November to early December, it has tested the low point area around $0.067 multiple times, showing signs of a short-term bottom.
In terms of technical indicators, the daily RSI is 36.9, close to oversold; the 4-hour and 1-hour RSIs are both around 45, indicating a neutral to weak bias. The MACD has shown positive histogram bars on both daily and 4-hour periods with momentum crossing the signal line, indicating that bearish strength is weakening. The price is currently close to the lower Bollinger Band on the daily chart (around $0.0654), making it technically likely to form a rebound; a more obvious resistance level above is at the $0.081 line.
In terms of trading volume, although the OBV remains negative, indicating distribution in the medium to long term, daily momentum is gradually improving, suggesting that bottom-fishing funds are quietly entering the market. The derivatives market's open interest is about $26.1 million, with a slight increase over the past 24 hours, and the funding rate is basically neutral, with no obvious bullish or bearish tendency in the market for now. In terms of liquidation distribution, long liquidations are concentrated below $0.0658, while short liquidations above $0.0700 are relatively few; once it breaks above $0.070, there is little resistance from shorts.
From a social sentiment perspective, the discussion volume over the past week has been moderately high, with most voices still leaning toward optimism, primarily around topics such as technical advantages and ecological expansion. However, due to a lack of popular narratives or major events, the price lacks a breakout point in the short term.
Considering the price structure, technical indicators, and liquidation point distribution, a reasonable entry area is near $0.0675; strong support is at $0.0658; the short-term target range looks toward $0.0810. If this is the range, the downside risk is about 2.4%, the upside potential is about 20%, and the risk-reward ratio is approximately 7.94, representing a quite good configuration opportunity in short-term trading.
