$PYTH : Is a macro recovery starting on the monthly timeframe? 🔥
Analyzing the monthly chart (1M) of Pyth Network ($PYTH ), we can see signs of a structure change after a prolonged correction from its high at $1.148:
📊 Market metrics:
Current price: ~$0.05089 USDT
Local floor: $0.02942 USDT
7d return: +34.59% 🟢
30d return: +18.82% 🟢
90d return: +26.34% 🟢
💡 Technical highlights:
Break above the MA(7): The monthly candle has broken upward through the 7-period moving average ($0.04348), confirming buyer volume in the zone of lows.
Accumulation structure: After marking a floor near $0.029, the price is looking to consolidate a solid base.
Target to watch: If the positive momentum holds, the MA(25) located near $0.155 USDT appears as the main resistance in the medium term.
💬 What do you think? Do you believe $PYTH has already hit its definitive bottom or will we see re-accumulation before targeting higher levels? Leave your analysis in the comments! 👇
#PYTHUSDT #CryptoAnalysis #BinanceSquare #Altcoins! #Trading
Analyzing the monthly chart (1M) of Pyth Network ($PYTH ), we can see signs of a structure change after a prolonged correction from its high at $1.148:
📊 Market metrics:
Current price: ~$0.05089 USDT
Local floor: $0.02942 USDT
7d return: +34.59% 🟢
30d return: +18.82% 🟢
90d return: +26.34% 🟢
💡 Technical highlights:
Break above the MA(7): The monthly candle has broken upward through the 7-period moving average ($0.04348), confirming buyer volume in the zone of lows.
Accumulation structure: After marking a floor near $0.029, the price is looking to consolidate a solid base.
Target to watch: If the positive momentum holds, the MA(25) located near $0.155 USDT appears as the main resistance in the medium term.
💬 What do you think? Do you believe $PYTH has already hit its definitive bottom or will we see re-accumulation before targeting higher levels? Leave your analysis in the comments! 👇
#PYTHUSDT #CryptoAnalysis #BinanceSquare #Altcoins! #Trading
