$PYTH Faces Resistance Amidst Downtrend 🐻
Given the current downtrend and the fact that $PYTH is trading below its key moving averages, I believe it's likely to continue its downward trajectory unless it can break above the resistance level of 0.0428, which seems challenging at the moment.
Technical check:
✅ Close price is below SMA7 and SMA25, indicating bearish momentum. ✅ The chart bias score favors the short side. ✅ Last candle is bullish but not enough to reverse the trend…
#MarketAnalysis #CryptoInsights #TechnicalAnalysis
Given the current downtrend and the fact that $PYTH is trading below its key moving averages, I believe it's likely to continue its downward trajectory unless it can break above the resistance level of 0.0428, which seems challenging at the moment.
Technical check:
✅ Close price is below SMA7 and SMA25, indicating bearish momentum. ✅ The chart bias score favors the short side. ✅ Last candle is bullish but not enough to reverse the trend…
#MarketAnalysis #CryptoInsights #TechnicalAnalysis