A sharp 18.289% drop puts
$PYTH at 0.06042 as the 1h RSI sinks to 22.61.
Price sits below the falling EMA20 (0.06789) and EMA50 (0.07025), keeping the short‑term trend pointed down. That makes 0.05843 a pivotal support; losing it risks further downside, while 0.07624 is the nearby rejection level overhead. With ATR at 0.00269, small bounces can be faded into trend.
📍 Potential entry: 0.06149
🎯 Target 1: 0.04607
🎯 Target 2: 0.03065
🛑 Stop / invalidation: 0.07691
Bearish continuation strengthens if a retest near 0.06149 fails and price closes below 0.05843. Invalidation comes on an hourly close above 0.07624–0.07691, reclaiming resistance and negating the setup.
Want updates if 0.05843 breaks or if price reclaims 0.07624?
Not financial advice.
#PYTH #PriceActionNotes #DownsideLevels