Pyth Price Eyes 44% Rally as Bulls Target Key Resistance Zone

The Pyth Network (PYTH) price is at an interesting point as it trades near $0.055, with bulls trying to push it through a resistance zone that could determine whether this recovery turns into a larger move.

The project has made a major change to its revenue model and secured new institutional integrations, giving it stronger fundamentals. However, competition from Chainlink remains a challenge for Pyth's growth.

A key level of resistance is $0.065, with World Of Charts predicting a 2x rally if the price breaks through this barrier. The next stops are $0.08, $0.10, $0.12, and $0.15, with a move from $0.055 to $0.08 representing a 44% upside.

Pyth's new subscription system adds a direct revenue source, but there is also a risk that the API migration could affect more than 300 DeFi protocols that failed to update their integrations.