FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
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Pyth Network is an oracle that publishes financial market data to multiple blockchains. The Pyth protocol is designed to incentivize participants to continually publish price updates for various products (such as BTC/USD).
The protocol has three parties that interact with each other
Publishers- They publish price feeds to Pyth's Oracle program and earn fees in exchange.
Consumers read price feeds and incorporate data into smart contracts or dApps. Fees are charged at a fixed rate per Pyth price update on a target chain e.g.,0.0001 ETH per update.
Pyth's oracle program - Pyth's oracle program runs simultaneously on both Solana mainnet and Pythnet.
Pythnet is a proof-of-authority blockchain where each publisher runs a validator. Its price feed is available on 12+ blockchains.
Pythnet Pricee feeds- Pythnet uses a "pull" price update model. Pythnet is a fork of Solana, which allows for low-latency and high-frequency price updates. Pyth only pays gas fees which consumers demand price updates. It can handle computations like exponential moving average (EMA).
The price aggregation mechanism combines each publisher's price and confidence feed into a single aggregate price and confidence feed.
Pyth Features-
Real-time market data- 45+ blockchains
It supports 400+low latency price feeds across digital assets, equities, ETFs, forex pairs, and commodities.
PYTHUSD pared some of its gains after surging more than 95% this month. The pair holds above the short-term (21 and 55 EMA) and above the long-term moving average in the 4-hour chart. It hit a high of $0.4425 and is currently trading around $0.3959.
The bullish invalidation can happen if the pair closes below $0.20. On the lower side, the near-term support is $0.340. Any break below targets $0.20.
The pair's near-term resistance is around $0.4450. Any breach above confirms minor bullishness. A jump to $0.50/$0.540 is possible. A surge past $0.60 will take it to $1.
It is good to buy on dips around $0.340 with SL around $0.20 for TP of $0.60.
