Pyth Network Forming Strong Reversal

has formed a strong Reversal pattern, the Cup and Handle!

Price made a Retracement to the Golden Ratio zone and found enough Support to begin the creation of the Handle of the pattern.

Once price is able to Break the Brim of the "Cup" or Resistance Level, this will be the Confirmation of the Pattern!

After the Breakout, the Retest of the "Cup" or Resistance Level will generate opportunities for price to continue pushing up!

Pyth Network has found major financial backing from the likes of Fidelity, Euronext, Tradeweb and more with the launch of the Pyth Data Marketplace that will enable participating institutions to distribute their proprietary data feeds directly to on-chain applications.

What is Pyth Network?

"Pyth Network is a pioneering project designed to bridge the gap between traditional financial markets and blockchain technology by providing real-time, high-fidelity market data. Launched in 2021, it has rapidly become a key player in the decentralized finance (DeFi) space. The network's core mission is to supply accurate, timely data to decentralized applications (dApps) across a wide range of blockchains, enhancing the functionality and reliability of smart contracts in various financial sectors."

-coinmarketcap.com/currencies/pyth-network/

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