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Will PYTH Price Hit $1?

Wise Advice’s analysis suggests that the PYTH price is likely to propel up. Moreover, the limited circulating supply could fuel such a price action, which could be detrimental as well if short-sellers dominate the market. Whilst, a renowned crypto analyst, Crypto Ninja, believes that PYTH could hit $1.

In a post on X, the analyst noted that buyers are retesting the $0.50 mark on the rising volume. He added that this indicates a potential surge to $1 for the PYTH price if it holds resistance at $0.5. Meanwhile, he advises traders to initiate a stop loss at $0.4 to minimize losses in case a bearish trend ensues.

However, the PYTH price faced a rejection from the $0.50 level on Saturday. At press time, PYTH was trading 3.49% lower, settling at $0.4918, boasting a market cap of $738.80 million. On the other hand, the trading volume for PYTH soared 22.82% to $302.29 million.