🚨 Is $PYTH to the Moon or to correct? Analysis of Price Action in the short term 📉📈

The fundamental narrative of $PYTH (institutional adoption, low latency) is super bullish, but the short term is filled with technical challenges.

Current situation (Friday): PYTH has shown a recent correction, falling around 3-4% in the last week, after a strong rally due to growth news. The selling pressure from profit-taking is visible.

🎯 Key Levels to Watch:

1. CRITICAL SUPPORT: The area of $0.166 - $0.169 is key. If the price manages to consolidate above this range, it could indicate that the correction is over and that buyers are regaining control.

2. RESISTANCE TO OVERCOME: The level of $0.178 - $0.180 is the immediate barrier. A breakout with volume above this area would confirm a short-term trend change and open the door to test recent highs (e.g., $0.20+).

Indicators (Daily/4h Time Frame):

• RSI: It has cooled down. This is positive as it provides room for a new impulse without being in extreme overbought territory.

• Volume: The volume of the correction has been moderate, suggesting that there is no mass panic, but rather profit-taking.

My Short-Term Thesis:

• Bullish (To the Moon): If $BTC remains stable and #PYTH closes the day above $0.170, we can expect a rally to the resistance of $0.180 over the weekend.

• Bearish (To correct): A sustained loss of the area of $0.166 could lead the price to seek deeper supports (possibly the area of $0.150).

Pay attention to the daily candle! Will it close above or below the critical support? 👇