$PYTH: TO THE MOON or an illusion? 😪Brother holding PYTH, what's going on? The price has been stationary for over a month, down over 20%.📉 Currently trading around $0.441 on a decent $76 million daily volume, but still far from all-time highs. 🤧
Here's the lowdown:
1)#PYTHDownward Spiral: PYTH has been falling, down more than 4% in the past week.
2) Missing ATH: Still a long way to go to reach the all-time high of $1.15 – that's a 61.58% gap! 🥶
3) Strong support point: Lowest PYTH traded recently was $0.398, showing some buying demand.💪
4) Outperforms market leaders: PYTH lagged behind Bitcoin and Ethereum over the past week, with returns of -8.12% and -6.15% respectively. 💩
5) Money flowing in: Despite the price drop, there was actually a net inflow of over 5.9 million PYTH tokens (about 2.35 million USD) in the past day, which is a good sign.🌄
6) Top Oracle Players: PYTH remains a major player, ranking 4th out of the top 5 oracles with a TVS worth $4.95 billion and 191 protocols secured.🎯
**Upcoming unlock coming soon: The big event everyone is watching - a massive unlock worth over $900 million is coming on May 20, 2024. This could be the one important to pay attention.**👀🔑
PYTH Hodlers, what do you think!! DYOR!#altcoin#BTC