Seemingly breaking out, the “Chainlink of Solana” Pyth, is finally surging again and making it hard to ignore. A superior project, surrounded by an exceptional team and strong partnerships, is progressing while the crypto market shows momentum.
$PYTH Trendline Breakout is Done ✅
Expecting 70-80% Bullish Wave📈#PYTH #PYTHUSDT pic.twitter.com/CdExNS01FP
— ZAYK Charts (@ZAYKCharts) May 9, 2025
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Pyth Partnerships and Expanding into Traditional Finance
Pumping for the first time in months and breaking out above $0.16 resistance, PYTH is finally looking interesting to investors again. Pyth is a blockchain oracle for market data. It’s like a “bridge” that connects real-world financial data (like the prices of stocks, cryptocurrencies, or commodities) to blockchain applications.
Over the last few months, they have made various partnerships and notable projects. CBOE, the Chicago Board Options Exchange, and the very popular financial platform RevolutApp are among the biggest partnerships they have made. Revolut has almost 45 million users globally.
The latest partnership was with Silicon Valley-based company Integral, making it easier than ever for institutions to become Pyth publishers. Those partnerships make a significant impact on bridging the gap between traditional finance and decentralized finance. It also plays a pivotal role in growing the Pyth ecosystem, which gives investors the trust they need.
Is Pyth Crypto in ‘Easy Mode’?
For the last three months, Pyth crypto price action was underwhelming as it really underperformed against the market. But constant development and updates over the last month are finally giving results.
(PYTHUSD)
At the time of writing, the PYTH price is at $0.20. Looking at the PYTH chart, it shows bullish momentum and a strong upward trend with key support of around 0.1800-0.1700. The price is above all three EMA lines, which is a clear sign of bullish pressure. The RSI suggests that it’s approaching an overbought zone, so caution is needed. Another thing to watch is the major resistance at the 0.21-0.22 levels; any rejection will lead to a potential bearish signal.
What is there to do? For the short term, shorting might be your best bet. As the resistance seems major, there is not enough catalyst to break above it. Approaching a low-volume weekend could lead to increased selling pressure, too. But overall, the crypto market looks bullish, and so does PYTH.
DISCOVER: Top Solana Meme Coins to Buy in May 2025
Bonus: Solaxy First Layer 2 on Solana Raises $34 Million
The L2s for Ethereum are now considered a vital part and offer a unique experience compared to the ETH chain. And for Solana, the same might just happen. The increasing congestion on blockchains, particularly with Solana, has created a growing need for L2 networks. As we know, Solana has been facing congestion from time to time over the last few months.
The first-ever Solana Layer-2 blockchain, Solaxy, directly addresses Solana’s pain points, congestion, failed transactions, and scalability limitations.
Solaxy aims to offload the burden on Solana and unlock the chain’s full potential for users, developers, and investors alike. Solaxy’s launch coincides perfectly with the renewed interest in the meme coin and the Solana ecosystem.
Solaxy is off to a hot start as a potential low-cap gem, as it can multiply over the years while offering its holders passive income. The presale raised $34.1 million out of $34.5 million. In the current presale round, $SOLX is priced at just $0.001712, and staking offers up to 117% APY. Holders who lock their $SOLX tokens can earn high passive income, and the price of the coin has the potential to multiply over time.
Presales that quickly raise funds and attract numerous investors often see gains of 5x to 10x after launch and typically earn listings on centralized exchanges. Additionally, smart whales tend to accumulate these types of projects silently. One of these whales recently bought over $200k worth of $SOLX on the Ethereum chain; Click here for the transaction ID.
Brace for interstellar travel! 🛸
34 Million Raised! 🔥 pic.twitter.com/bW1wHrZtZY
— SOLAXY (@SOLAXYTOKEN) May 9, 2025
Follow the whales and get your position in the presale now by visiting the website.
For the latest updates on the project, connect with the SOLX community on X and Telegram.
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Key Takeaways
- Pyth strengthens with key partnerships like Revolut and CBOE.
- Bullish momentum builds, but resistance at $0.21-0.22 persists.
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