Volatility compressed rapidly as $PYTH volume cooled down.
The token trades at $0.09342, marking a 24-hour gain of 7.42% on $20.05M volume. However, the latest hourly candle dipped 0.59% to 0.09438 with volume dropping to 0.41x of the 23-hour average, signaling slowing momentum inside the broader 0.08063 to 0.10094 range.
A bullish continuation scenario requires reclaiming the upper range boundary at 0.10094 with rising volume. Conversely, an invalidation scenario triggers if the price breaks below the 0.08063 range low as selling pressure resumes.
Will you wait for a confirmed hourly close above 0.10094, or does a drop below 0.08063…
Tap $PYTH for the live chart. #PYTH #BinanceSquare
The token trades at $0.09342, marking a 24-hour gain of 7.42% on $20.05M volume. However, the latest hourly candle dipped 0.59% to 0.09438 with volume dropping to 0.41x of the 23-hour average, signaling slowing momentum inside the broader 0.08063 to 0.10094 range.
A bullish continuation scenario requires reclaiming the upper range boundary at 0.10094 with rising volume. Conversely, an invalidation scenario triggers if the price breaks below the 0.08063 range low as selling pressure resumes.
Will you wait for a confirmed hourly close above 0.10094, or does a drop below 0.08063…
Tap $PYTH for the live chart. #PYTH #BinanceSquare