Technical Analysis of PYTH/USDT: Price Action & Potential Targets 🚀
PYTH/USDT is trading at 0.1687 USDT with a +13.37% gain in the last 24 hours. The pair hit a high of 0.1737 and a low of 0.1481, backed by strong 24H volume of 57.49M USDT.
Trend Analysis: Price has broken above MA(7) at 0.1587 and is well above MA(25) at 0.1557 and MA(99) at 0.1499, showing bullish momentum. Resistance stands at 0.1737, while key support lies at 0.1587 and 0.1481.
Trade Signals: A long setup looks favorable if price holds above 0.1687 with strong volume, targeting 0.1737 and 0.1850. Stop-loss below 0.1587 is recommended. A rejection at resistance could trigger a pullback toward 0.1481.
Outlook: Momentum remains bullish, but traders should confirm breakout strength before entering. Holding above support keeps upside intact, while a breakdown under 0.1587 may shift sentiment bearish.
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Disclaimer: Not financial advice. Do your own research.
