Based on Cryptonewsland, Pyth Network's native token PYTH has risen 10.7% in 24 hours, trading at $0.1098 and forming a descending channel on the 12-hour chart. The token is supported at $0.0989 and resisted at $0.1101, with a potential breakout expected to drive short-term price movement. The tightening price range and consistent testing of the upper channel suggest increasing pressure for a breakout, while maintaining the support level remains critical for a bullish outlook.
PYTH Gains 10.7% as Descending Channel Tightens on 12H Chart
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