$PYTH /USDT Technical Analysis Summary

Current Price: $0.1208

24h Change: +4.23%

24h High / Low: $0.1243 / $0.1106

24h Volume (PYTH): 75.80M

24h Volume (USDT): 8.97M

Category: Infrastructure

Exchange: Binance

Technical Overview (1D Timeframe)

Indicator Status

Price Trend Short-term Bullish

Support Levels $0.1180 → $0.1140 → $0.1100

Resistance Levels $0.1240 → $0.1285 → $0.1330

Volume Trend Strong and rising — indicates active participation

RSI Estimated around 60 → Bullish zone, but not overbought

MACD May be showing a bullish crossover on lower timeframes

Price Action Notes

Breakout Attempt: Price tested $0.1243 (local resistance) but pulled back slightly, indicating minor profit-taking.

Current Structure: Higher lows with an attempt to form a breakout pattern—could be forming a bullish flag or ascending triangle.

Short-Term Sentiment: Bullish bias holds above $0.118 support.

Outlook & Scenarios

Bullish Case:

Sustained break above $0.1240 could lead to rally toward:

$0.1285

Then potentially $0.1330

Bearish Case:

Rejection at current resistance may lead to pullback toward:

$0.1180 support

Deeper test: $0.1140

Strategy Idea (Not Financial Advice)

Breakout Trade: Watch for 1h/4h candle close above $0.1243 with volume to go long.

Pullback Entry: Consider buying around $0.1180–$0.1140 if price retraces.

Would you like a short-term (15m–1h) scalping setup or weekly trend forecast next?

#ArbitrageTradingStrategy #TradingStrategyMistakes #ETHBreaks3k #Write2Earrn #WIF $PYTH