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The leading project in the oracle sector, Pyth Network($PYTH), has been a bit weak in recent days, with a daily decline of about 6%. The current price is oscillating in the range of $0.0673-$0.0685. However, a closer look at the chart shows that the support around $0.065 is quite strong, which is no coincidence—Pyth's position in the Solana ecosystem and its deep cooperation with TradFi data determine that its fundamentals are still solid.
From a technical perspective, it is currently in the long-term bottoming phase. As soon as market sentiment warms up, this type of leading project usually rebounds strongly. In the short term, if it can gain a $0.0006 increase, it can reach the first profit-taking level($0.0688, using 20x leverage). A longer-term target can be set at $0.0750, with a stop-loss at $0.0650.
These top oracle projects often perform well during market recovery, as the demand for infrastructure-level assets is genuine.
Getting sidetracked, the demand for oracle infrastructure is real, but the Solana ecosystem hasn't had much movement lately.
$0.0750 is a bit far, so I'll first watch for the initial take-profit level. With 20x leverage, I need to keep a steady mindset.
Wait, 20x leverage only yields a 6% profit? That's a pretty small appetite.
How much longer will Pyth take to build a bottom this time? It feels a bit frustrating.
The oracle track indeed requires genuine demand, but it still seems like we need to wait for market sentiment to recover.
Holding at 0.065 is still possible; if it breaks, we'll see.
Does anyone still believe in the Solana ecosystem? I'm a bit tired of it.
$0.065 strong support, what do you think? It still seems to depend on sentiment.
Can Pyth rebound this time? Feeling a bit worried about my holdings.
Who believes in the bottoming phase? Isn't that what everyone says?
The data collaboration with TradFi sounds amazing, but PYTH still hasn't taken off.
Wait, playing with 20x leverage on this? I'm scared.
The revival of the leading oracle might take off, but when will it revive?
$0.0750 seems too far away, brother.
This support strength does seem real, but don't fool me.
Is the infrastructure demand real, or are we just storytelling?
Short-term take profit at $0.0688, feels a bit risky.
Is now the time to buy the dip in Pyth or to catch a falling knife? I really can't tell.
My wallet has gone through too many bottoming phases...
Waiting for a shift in market sentiment... The leader remains the leader.
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Oracles will eventually explode; it just depends on when the market gives the opportunity
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The bottoming phase is the most painful, but the 20x leverage at 0.0688 is very tempting
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The infrastructure of the Solana ecosystem, in simple terms, is just a necessity. No worries
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It's the same kind of "as soon as it warms up, it surges" rhetoric. Every time they say that, when will there be a real rebound?
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If 0.065 doesn't break, continue to oscillate. Anyway, the leading projects can't run away
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After so long of hype about TradFi collaborations, it's about time to see some actual results
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Tired of the long-term bottoming talk. Can we see some real performance?
Wait, can the Solana ecosystem pick up this time?
PYTH still needs to drop further before it can be accumulated
The leading projects are indeed stable, but aren't you afraid of being hammered now?
The demand for infrastructure is real, the question is when will it be reflected in the price
It's good enough if this rebound can reach 0.075, don't overthink it
However, with 20x leverage... I'm still a bit wary, one slippage and it could blow up.
Oracles definitely have a strong demand; as long as Solana doesn't die, there's still hope.
Once it rebounds, this kind of leader can really surge. I'm just worried it might turn out to be a false alarm again.
The TradFi collaboration is real, but we still need to wait for market sentiment to return before we can play.
I'm also watching the $0.065 support; breaking below that would be truly dangerous.
The Solana ecosystem still relies on these infrastructure projects. PYTH's position is quite stable, and in the long run, it's still worth paying attention to.
Using 20x leverage at the 0.0688 level feels a bit risky. I think it's better to be conservative.
The oracle sector will rise sooner or later, but I don't know whether that "sooner or later" will be next week or next year.
Such strong support usually means big players are accumulating, so small investors should just see it as a signal and not take it too seriously.
Only if it falls below 0.065 can we really say it's a plunge; right now, there's no need to panic.
Partnering with TradFi sounds impressive, but how much actual profit it can generate is another matter.
No rush this time. Wait for a rebound signal before entering the market. For now, we can only wait.