PYTH Price Pullback: Consolidation Before Potential Rebound

The PYTH price has experienced a recent pullback after a strong rally last week, dropping to support levels below $0.26. This correction is observed by experts, but many are optimistic for the potential future of the PYTH network. While down 36% from its peak, the token is now retracing towards its 20-day EMA band, signaling a temporary pause in growth after an impressive surge. The RSI tool also reflects this cooling phase following August’s overbought levels, and other indicators confirm a period of consolidation.