I’m opening the chart $PYTH and noticing a fairly notable upward move when the price is at 0.08473, alongside a 24h gain of over 15%. However, trading volume over the past 24h has dropped sharply by 58.3%, and open interest has only slightly decreased by 0.44% in the most recent hour. On the upside, price is hovering near the resistance area at 0.07985—an old support that has flipped roles—or alternatively resistance at 0.08619. With RSI 14 at 66.8 and a long-to-short ratio dominated by longs around 70.3%, I’m not rushing to place a chase order near this resistance zone until it’s clear whether the inflow of capital has returned. #$PYTH #PYTHUSDT #BinanceSquare Watch:$QNT $Q

I’m opening the chart $PYTH and noticing a fairly notable upward move when the price is at 0.08473, alongside a 24h gain of over 15%. However, trading volume over the past 24h has dropped sharply by 58.3%, and open interest has only slightly decreased by 0.44% in the most recent hour. On the upside, price is hovering near the resistance area at 0.07985—an old support that has flipped roles—or alternatively resistance at 0.08619. With RSI 14 at 66.8 and a long-to-short ratio dominated by longs around 70.3%, I’m not rushing to place a chase order near this resistance zone until it’s clear whether the inflow of capital has returned.

#$PYTH #PYTHUSDT #BinanceSquare

Watch:$QNT $Q