$PYTH at a Turning Point – Breakout Incoming or Pullback Ahead?
$PYTH is trading around $0.1629, holding just above intraday support after a strong rebound from the $0.1570 zone. Price action shows bullish momentum building, but the market is also testing a key resistance zone. The next move will decide whether bulls extend control or if bears push for a pullback.
Key Levels to Watch
• Resistance: $0.1640 → A breakout above this level could open doors toward $0.1660 and higher.
• Support: $0.1600 → Losing this zone may trigger a drop toward $0.1580 and $0.1570.
Trade Setup – Prepare for Both Scenarios
Bullish Entry:
A confirmed breakout above $0.1640 could target:
• TP1: $0.1660
• TP2: $0.1680
Bearish Entry:
A breakdown below $0.1600 could target:
• TP1: $0.1580
• TP2: $0.1570
Final Note
$PYTH is consolidating at a decision point. Bulls need a clean breakout above $0.1640 to sustain upside momentum, while bears are watching $0.1600 as a trigger for renewed downside pressure. Traders should stay alert next move could define the short-term trend.