😴Based on the PYTH/USDT trading chart, here's a review ⚖️of the recent price action.
💸Looking at the 1D chart, we can see that PYTH had a massive pump 🚀, soaring from around $0.1052 to a high of $0.2500 🕴️ in a very short period. This incredible bull run was followed by a sharp and significant correction📉, with the price dropping dramatically from its peak. This volatile move created a large red candle, indicating a major sell-off.
Currently, the price is consolidating and appears to be testing a key support level around $0.1586. The Moving Average (MA) lines are showing some interesting signals. The MA(7) is at $0.1708, while the MA(25) is at $0.1609. The MA(99) is at $0.1265. The shorter-term MAs are still above the longer-term MA, suggesting that despite the recent correction, the overall trend might still have bullish momentum. 📈
The daily volume is notable, with 24h Vol (PYTH) at 77.63M, showing a lot of trading activity 💰. The high and low for the past 24 hours are $0.1730 and $0.1561, respectively. The chart shows the price is currently sitting right around the previous buy average price, which could be a critical point for a potential bounce or a further dip. 🤔 Bulls need to defend this level to prevent more losses, while bears will look to push it lower. 🐻
🚫Warning: I am not responsible if anyone suffers😴 financial💸 loss from my post.
@followers
