PYTH/USDT Market Update :
PYTH is trading at 0.1573, down 5.18% over the past 24 hours. Price has fluctuated between 0.1571 and 0.1700, reflecting continued pressure after a sharp retracement from its recent peak.
Technical View
The 7- day moving average at 0.1590 is slightly above spot levels, suggesting short-term resistance. The 25- day average at 0.1481 and the 99- day average at 0.1230 remain below, providing broader structural support. The market has cooled significantly since its rally to 0.2500, with price now consolidating around mid-range levels.
Support and Resistance
Immediate support lies near 0.1570, almost at the current level. A break lower could expose 0.1480, with further downside risk toward 0.1320. On the upside, resistance stands at 0.1630, followed by the stronger barrier at 0.1700. A sustained move above 0.1700 would be needed to restore bullish momentum.
Market Sentiment
Volume remains strong at 135.62 million PYTH traded, equal to about 22.20 million USDT. Despite high participation, persistent selling pressure shows that buyers are cautious and profit-taking continues to dominate near resistance levels.
Outlook
PYTH remains in a corrective phase after its strong surge earlier this month. A push above 0.1700 could stabilize price and open the door toward 0.19–0.20, while a loss of 0.1570 may shift focus toward deeper supports at 0.1480 and 0.1320.
Summary
PYTH is consolidating under pressure, with immediate support at 0.1570 and resistance at 0.1700. The reaction at these levels will define whether the token stabilizes or extends its correction.
