Pyth Network Jumps 10.52% to $0.0716 as Rival Oracle Switchboard Shuts Down
- —PYTH gained 10.52% in 24 hours, from $0.0682 to $0.0716, with an intraday high of $0.0741
- —Price trades above all key SMAs, including the 200-day; 30-day gain stands at 51.91%
- —RSI (14) at 71.8% and Bollinger %B at 106.5% point to overbought conditions
- —PYTH remains 93.74% below its all-time high of $1.14 set in March 2024
Why it matters: Switchboard's exit strengthens Pyth's position in the oracle sector, but stretched technicals raise the risk of a pullback.
Source: DiarioBitcoin