The altcoin market is experiencing a surge in momentum, starting the month of June on a strong note. Amidst this uptrend, the PYTH token price is skyrocketing, poised to accelerate further in the coming days.

The PYTH network has made significant strides in recent times, with 564 developer commits in May 2024 and a total value secured of $5.219 billion. As it approaches the market cap of $2 billion, the token is gaining attention among top performers today.

The question on everyone's mind is whether the rising demand will fuel the bullish momentum in the PYTH price trend to cross the $1 mark. To find the answers, let's dive into our PYTH price prediction. The recent jump in the PYTH token price has traders anticipating a trend reversal as buyers take control. The altcoin price has increased by 7.28% over the past 72 hours, featuring a morning star pattern in the 1D chart. Furthermore, the bullish trend breaks above the resistance trendline of the falling wedge pattern in the 4H chart, bolstering the possibility of a trend reversal in the PYTH price.

Currently, the token trades at $0.43 with an intraday gain of 2.44% and makes the third consecutive green candle. Additionally, the uptrend is supported by a more than 200% jump in trading volume, indicating significant chances of an uptrend in the altcoin. The breakout rally surpasses the 50 EMA in the 4H chart, hinting at a golden crossover with the 200 EMA. This shift in sentiment is reflected in the PYTH price chart, where the falling wedge pattern breakout and golden crossover possibility are changing the underlying sentiments.

Given the network's improving stats and fundamental growth, the bull run for the PYTH network could continue this month. According to the Fibonacci retracement, the $0.80 and $1 mark are potential targets for the bull run in June.