How did PYTH’s price fall for bears’ trap after latest surge?

Pyth Network [PYTH] has seen a massive surge in activity lately, with the asset recording double-digit percentage gains in price. This wasn't to last, however, as at press time, PYTH had declined again. In fact, chart analysis showed that there may be a risk of a further decline, and traders might need to cool their optimism. PYTH faces key resistance PYTH recorded a major price swing on the charts recently. However, that bullish run came to an end soon after after the asset started trading in the middle band of the Bollinger Bands. Bollinger Bands help traders assess whether an asset is overvalued or undervalued by tracking its price relative to the upper and lower bands.

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