PYTH has formed a clean dome pattern on the 4-hour chart.

PYTH is currently struggling to reclaim the 50-hour moving average and the dense area of moving averages (approximately between $0.122-$0.123), which is currently a resistance level.

As long as PYTH stays below this area, the structure leans towards a downward trend.

A drop below the neckline at $0.115 would confirm the dome pattern, with the next level of support potentially at $0.108-$0.105. Any bounce before that can only be considered a low-level rebound, unless the bulls can break through $0.125 with volume.