Update#PYTHUSDT $PYTH

PYTH is currently trading within a falling wedge pattern, bouncing off a support trendline. This indicates that bullish momentum is building, making it an attractive buying opportunity for traders anticipating a strong upside move. The price action is indicating accumulation, with increasing volume supporting a potential breakout. If momentum continues to build, a significant retracement of 50% to 100% is expected in the near term. A falling wedge is a well-known bullish reversal pattern, and the current position of PYTH suggests that buyers are stepping in aggressively at key support levels. A breakout above the resistance trendline of the wedge would lead to a massive rally, potentially sending the price up by 150%. Confirmation of this breakout, supported by strong volume and continued price action above resistance, could lead to a parabolic move, indicating a significant trend reversal.

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