$PYTH
đ PYTH/USDT Weekly Chart Analysis
Current Price: **â 0.07806 USDT**
The weekly chart is showing a strong recovery after months of consolidation in the lower range.
**Key Observations:**
- Price has broken out of the long-term accumulation zone (around 0.03â0.05) with a powerful bullish candle.
- Recent move delivered significant upside (highlighted range shows a massive percentage gain).
- Currently trading near a key horizontal resistance zone around 0.078â0.08.
- **RSI (14)** sits at **63.21**, comfortably above its MA (51.89) â bullish momentum is intact and not yet overbought on the weekly.
- Volume spiked aggressively on the breakout candle, confirming strong participation. Current volume has cooled off as expected after the impulse.
**Structure:**
Higher timeframe structure has shifted from ranging/sideways to bullish. As long as price holds above the previous resistance-turned-support area, the path of least resistance remains upward.
Eyes on whether PYTH can sustain above 0.078 and target the next supply zones higher up.
What are your thoughts on PYTH from here? Holding or taking profits? đ
#PYTH #PYTHUSDT #Crypto #Altcoins #TechnicalAnalysis #BinanceSquare
đ PYTH/USDT Weekly Chart Analysis
Current Price: **â 0.07806 USDT**
The weekly chart is showing a strong recovery after months of consolidation in the lower range.
**Key Observations:**
- Price has broken out of the long-term accumulation zone (around 0.03â0.05) with a powerful bullish candle.
- Recent move delivered significant upside (highlighted range shows a massive percentage gain).
- Currently trading near a key horizontal resistance zone around 0.078â0.08.
- **RSI (14)** sits at **63.21**, comfortably above its MA (51.89) â bullish momentum is intact and not yet overbought on the weekly.
- Volume spiked aggressively on the breakout candle, confirming strong participation. Current volume has cooled off as expected after the impulse.
**Structure:**
Higher timeframe structure has shifted from ranging/sideways to bullish. As long as price holds above the previous resistance-turned-support area, the path of least resistance remains upward.
Eyes on whether PYTH can sustain above 0.078 and target the next supply zones higher up.
What are your thoughts on PYTH from here? Holding or taking profits? đ
#PYTH #PYTHUSDT #Crypto #Altcoins #TechnicalAnalysis #BinanceSquare