$PYTH is pulling back from resistance, and the next few hourly candles could decide whether this rally gets another leg.
Price reached $0.08754 before sellers stepped in, bringing it back to $0.08098. The broader move from $0.07179 has been strong, but short term momentum is clearly cooling.
Here’s the setup I’m watching:
Immediate support: $0.0800–$0.0810 Key support: $0.0779–$0.0785 Major support: $0.0745–$0.0750 First resistance: $0.0825–$0.0840 Breakout level: $0.08754
If buyers defend this area and push back above $0.084, another attempt at $0.0875 becomes more realistic. A break above that high could bring $0.090–$0.095 into focus, with $0.10 as the larger psychological target.
One thing to respect: the order book currently shows more sell-side depth than buy-side depth, so a quick recovery is not guaranteed.
My take: PYTH still has a constructive structure, but I want to see buyers reclaim $0.084 before getting too confident. Lose $0.0784, and the setup needs a fresh reassessment.
#Write2Earn #PYTH
Price reached $0.08754 before sellers stepped in, bringing it back to $0.08098. The broader move from $0.07179 has been strong, but short term momentum is clearly cooling.
Here’s the setup I’m watching:
Immediate support: $0.0800–$0.0810 Key support: $0.0779–$0.0785 Major support: $0.0745–$0.0750 First resistance: $0.0825–$0.0840 Breakout level: $0.08754
If buyers defend this area and push back above $0.084, another attempt at $0.0875 becomes more realistic. A break above that high could bring $0.090–$0.095 into focus, with $0.10 as the larger psychological target.
One thing to respect: the order book currently shows more sell-side depth than buy-side depth, so a quick recovery is not guaranteed.
My take: PYTH still has a constructive structure, but I want to see buyers reclaim $0.084 before getting too confident. Lose $0.0784, and the setup needs a fresh reassessment.
#Write2Earn #PYTH