$PYTH: BULLS TAKE CONTROL, BUT THEREโS A RESISTANCE LEVEL THAT CHANGES EVERYTHING ๐ฅ
๐ PYTH/USDT Technical Analysis | 1D Chart
PYTH is showing a significant recovery. During the October 15 session, the price rose approximately 9.4%, accompanied by high volume. The market is now facing a decisive zone. ๐
๐ฏ LEVELS TO WATCH
๐ข Main resistance: 0.0973 USDT
๐ Next target: 0.1050 USDT
๐ฅ Extended target: 0.1109 USDT
๐ต Immediate support: 0.0895 USDT
โ ๏ธ Lower support: 0.0849 USDT
What could happen now?
โ If PYTH breaks above 0.0973 USDT and confirms with a daily close above it, it could target 0.1050 USDT and then 0.1109 USDT.
โ If it loses 0.0895 USDT on a daily close, the risk of a correction toward 0.0849 USDT would increase.
๐ง My take: the structure favors buyers, but after such a strong move, chasing the price without confirmation would be unwise. Resistance needs to break; simply touching it isnโt enough.
๐ฌ Question for the community: Do you think $PYTH will reach 0.1050 USDT first, or will we see a correction before it continues higher?
๐ Save this analysis and watch the daily candle close.
#PYTH #PythNetwork #cryptotrading #AnalisisTecnico #BinanceSquare
๐ PYTH/USDT Technical Analysis | 1D Chart
PYTH is showing a significant recovery. During the October 15 session, the price rose approximately 9.4%, accompanied by high volume. The market is now facing a decisive zone. ๐
๐ฏ LEVELS TO WATCH
๐ข Main resistance: 0.0973 USDT
๐ Next target: 0.1050 USDT
๐ฅ Extended target: 0.1109 USDT
๐ต Immediate support: 0.0895 USDT
โ ๏ธ Lower support: 0.0849 USDT
What could happen now?
โ If PYTH breaks above 0.0973 USDT and confirms with a daily close above it, it could target 0.1050 USDT and then 0.1109 USDT.
โ If it loses 0.0895 USDT on a daily close, the risk of a correction toward 0.0849 USDT would increase.
๐ง My take: the structure favors buyers, but after such a strong move, chasing the price without confirmation would be unwise. Resistance needs to break; simply touching it isnโt enough.
๐ฌ Question for the community: Do you think $PYTH will reach 0.1050 USDT first, or will we see a correction before it continues higher?
๐ Save this analysis and watch the daily candle close.
#PYTH #PythNetwork #cryptotrading #AnalisisTecnico #BinanceSquare