$PYTH has experienced a significant price drop of -8.632% in the last 24 hours.
The recent high and low are at 0.0915 and 0.0814, indicating potential volatility.
Bollinger Bands show the upper band at 0.0914 and the lower at 0.0813, emphasizing current price pressure.
With a clear downtrend in the overall market, trading near support at 0.0814 suggests vulnerability to further declines.
Bitcoin's influence remains undefined, but its historical volatility often impacts altcoins like PYTH.
Given uncertain macroeconomic conditions and today's bearish momentum, a short-term trading strategy may be prudent.
Traders should remain cautious and watch for confirmatory signals before entering positions.
Key takeaway: PYTH faces critical levels; a breach of support could accelerate losses.
