#pyth Target Position Analysis

Since $PYTH is a newly launched coin, it is suitable to use the anchoring method for target position analysis.

Among newly launched coins, $PYTH has shown relative resilience, and its innovative Pull Price Update Model possesses strong market competitiveness, with steadily growing market share, already beginning to challenge Link for the leading position in the oracle field.

Therefore, $PYTH/BTC is very likely to rebound to the previous high of around 0.0000168.

Assuming BTC is in a bull market phase, the target position is roughly in the range of 140,000 to 150,000. When $PYTH/BTC rebounds to the previous high, it can be reasonably expected that the BTC price will stabilize around 130,000.

Based on this, we can estimate that the target price range for $PYTH is 2-2.2.