$PYTH is currently consolidating within a broadening wedge pattern and is trading just above the support trendline of the wedge.

The Ichimoku Cloud is acting as a resistance barrier above the price action, signaling overhead pressure.

If the price holds above the support trendline, a bounce from this level is expected, potentially leading to a short-term recovery.

However, a breakdown below the wedge support would likely trigger a further downward movement.

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