$PYTH 🍀 — Repique Forte com Viés de Continuidade
🚦 Market Sentiment🟩 Cautious optimism — PYTH reacts with an increase of +9.33%, defending important supports and opening space for the extension of the movement, despite signs of overbought indicators.
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Trend (H4): The 4-hour chart shows consistent recovery, with the price at US$ 0.1735, after hitting a low of US$ 0.1580 during the day. The high at US$ 0.1874 indicates that buyers have returned to act strongly.
Trend (M15): Short-term lateral movement after initial impulse, consolidating gains and suggesting possible continuation if the immediate support holds.
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⚖️ Resistances
• R1: US$ 0.1874 (24h high)
• R2: US$ 0.1969 (next congestion resistance)
• R3: US$ 0.2500 (previous top of the chart)
🛡️ Supports
• S1: US$ 0.1720 (MM7)
• S2: US$ 0.1666 (MM25)
• S3: US$ 0.1580 (24h low)
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📊 Indicators
• RSI (6): 60 → Buying strength, but already in overbought territory.
• RSI (12 and 24): 59 and 56 → Positive bias, still without exhaustion.
• Stochastic RSI: 87 → Strong overbought, indicating a chance of a short correction.
• MACD: Confirmed positive crossover, favoring buyers.
• Williams %R (14): -44 → Neutral-high zone, confirming buying strength.
• Volume: Strong buying spikes in the last candles, signaling capital inflow.
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Buy
• Above US$ 0.1720, favors continuation up to US$ 0.1870 / 0.1960.
• Ideally wait for a slight correction in the indicators before reinforcing position.
Sell
• Loss of US$ 0.1660 reopens space for drops down to US$ 0.1580.
• Overbought on the Stochastic RSI warns of short-term downward bounces.
PYTH shows strong recovery with solid technical support, sustained by buying volume and positive crossovers in the indicators. Despite the risk of short corrections due to overbought conditions, the scenario still favors the continuation of the movement up to higher resistances.
