Here's a technical breakdown of $PYTH /USDT.

📊 PYTH/USDT — Intraday Overview

MetricValueCurrent Price$0.1305 (-6.18%)24h High$0.141224h Low$0.128824h Volume (PYTH)215.75M24h Volume (USDT)$29.25MMA(5)0.1297MA(10)0.1305MA(60)0.1303Volume (Last Bar)2.08M

📉 Price Action Summary

Currently trading below the 24h midpoint and has rejected from $0.1412.

Hovering near short-term moving averages (MA5, MA10, MA60 tightly clustered) – indecision zone.

Volume has dropped sharply on recent candles → possible cooldown or setup for a bounce.

🟢 Support & Resistance Zones

Support

LevelReason$0.1285–$0.1290Local demand zone + 24h low$0.1250Psychological level & prior wick support

Resistance

LevelReason$0.1315–$0.1320Clustered resistance around short-term MAs$0.1350+Needs break above to test 24h high zone$0.141224h high & key breakout level

⚙️ Trade Setup (Short-Term)

✅ Bounce Trade Setup

Entry: $0.1290–$0.1305 (holding above MA cluster)

Target 1: $0.1320

Target 2: $0.1350

Stop-Loss: $0.1275

R/R: ~2.3x

🔻 Breakdown Setup

Short Entry: Below $0.1285 with volume increase

Target: $0.1250–$0.1230

Invalidation: Reclaim of $0.1315

📌 Strategy Notes

The tight MA convergence suggests an upcoming volatile move.

If volume rises while holding above $0.1305 → bullish continuation likely.

If price closes below $0.1288 on the 1h chart → bearish pressure returns.

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