$PYTH

๐Ÿ“Œ Technical Overview:

After nearly 8 months in a strong downtrend, PYTH/USDT is now showing signs of a potential trendline breakout. Price action is testing a critical descending resistance that has been respected since late 2024. This could be the turning point for a major trend reversal.



๐Ÿ“‰ Historical Context:

PYTH reached a high of $0.55, followed by a consistent downtrend with a series of lower highs and lower lows.

Since June 2025, however, the structure has shifted to higher lows, signaling early accumulation and waning bearish momentum.




๐Ÿ“ Technical Pattern: Descending Trendline Breakout

Price is currently challenging a long-term descending trendline, which has held as resistance since November 2024.

The pattern resembles a falling wedge/descending triangle breakout, typically viewed as a bullish reversal pattern.

A recent bullish candle is attempting to break above the $0.13 level, indicating growing momentum.




๐ŸŸฉ Bullish Scenario: The Reversal is On

If price closes above $0.13โ€“$0.14 and confirms the breakout:

1. Short-Term Targets:

๐Ÿ”ผ $0.1736 (Minor resistance / previous demand zone)

๐Ÿ”ผ $0.1952 (Breakout retest zone)


2. Mid-Term Targets:

๐Ÿ”ผ $0.2457 (Strong consolidation area)

๐Ÿ”ผ $0.3196 โ€“ $0.3912 (Pre-breakdown range highs)


3. Long-Term Target:

๐Ÿ”ผ $0.5258 โ€“ $0.5533 (Previous market top)


> A successful breakout could trigger a rally of +200โ€“300%, especially if supported by market-wide bullish sentiment.



๐ŸŸฅ Bearish Scenario: Fakeout Risk

If price fails to hold above the trendline and drops below $0.12:

Support zones to watch:

๐Ÿ”ฝ $0.1000 (psychological level)

๐Ÿ”ฝ $0.0860

๐Ÿ”ฝ $0.0807 (major bottom support)

This would indicate a bull trap, and the market could return to a distribution phase.



๐Ÿ” Additional Confluences:

RSI is rising toward 60โ€“65, suggesting bullish momentum is building.

Volume is increasing near the breakout โ€” a good sign of trader interest.

A Golden Cross (EMA 50 crossing EMA 100) could occur soon if upside holds.


โœ… Conclusion: Critical Pivot Zone

PYTH is testing a major inflection point. If confirmed, this breakout could end the long-term downtrend and launch a new bullish cycle. A rejection here, however, keeps the bear case alive.

#PYTHUSDT #PYTHBreakout #CryptoAnalysis #AltcoinSetup #TechnicalAnalysis