$PYTH printed a strong bullish recovery after forming a bottom near $0.0360 and impulsively pumped toward $0.060+ with high volume expansion — clear accumulation breakout.
Market Structure:
Bullish reversal → Momentum breakout
Key Levels
• Support: $0.056 – $0.052
• Strong Support: $0.048
• Resistance: $0.067
• Major Resistance: $0.073 – $0.075
Indicators
• RSI near overbought → possible short-term pullback
• MACD turning positive → bullish momentum active
• Volume spike → buyers control market
Trade Plan
• Best Long Entry: pullback to $0.056 – $0.053
• Target 1: $0.067
• Target 2: $0.073
• Target 3: $0.078
• Invalidation: close below $0.048
👉 Short only if rejection occurs from $0.073 zone
⸻
🌐 Fundamental View
Pyth Network is a real-time oracle network providing low-latency price feeds to DeFi protocols.
Adoption grows as more chains integrate it → long-term bullish narrative.
Fundamental Bias: Bullish (mid-long term)
⚠️ This market is highly volatile. Always use risk management & DYOR.
#PYTH #PYTHUSDT #PYTHFundamentalUsedCase
Market Structure:
Bullish reversal → Momentum breakout
Key Levels
• Support: $0.056 – $0.052
• Strong Support: $0.048
• Resistance: $0.067
• Major Resistance: $0.073 – $0.075
Indicators
• RSI near overbought → possible short-term pullback
• MACD turning positive → bullish momentum active
• Volume spike → buyers control market
Trade Plan
• Best Long Entry: pullback to $0.056 – $0.053
• Target 1: $0.067
• Target 2: $0.073
• Target 3: $0.078
• Invalidation: close below $0.048
👉 Short only if rejection occurs from $0.073 zone
⸻
🌐 Fundamental View
Pyth Network is a real-time oracle network providing low-latency price feeds to DeFi protocols.
Adoption grows as more chains integrate it → long-term bullish narrative.
Fundamental Bias: Bullish (mid-long term)
⚠️ This market is highly volatile. Always use risk management & DYOR.
#PYTH #PYTHUSDT #PYTHFundamentalUsedCase