PYTH price climbs as bullish sentiment and longs rise despite holder decline, but downside risk remains.

PYTH Network's price has surged with strong bullish sentiment (+4.64) and rising long positions, pushing open interest up 7.8% to $28.5 million. This shows growing trader confidence despite a drop of over 3,000 holders since January. However, a cluster of unfilled buy orders below the current price signals potential downside risk, meaning the price could dip to fill these orders. The upward trend is likely to continue only if leverage remains controlled, otherwise a price decline could occur.