trumpfamilycrypto

$PYTH
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📉 PYTH/USDT Technical Update (1H Chart – Binance)

Traders, eyes here 👀 – PYTH has been showing a classic descending channel pattern after its sharp pump and subsequent dump. Let’s break this down:

🔹 Upper Zone: After the huge spike, price touched the 0.30+ area but couldn’t sustain. Heavy selling pressure entered, locking this range as strong resistance.

🔹 Dump Phase: Since then, price action has been in a controlled downtrend, forming lower highs and lower lows. This clearly indicates weak demand and continuous distribution.

🔹 Lower Zone: Now, the market is testing the critical 0.155 – 0.160 support zone. If this level breaks with volume, we could see a further slide towards the lower liquidity pocket.

⚠️ Key Levels to Watch:

Resistance: 0.18 – 0.20 (Only a breakout above this will shift sentiment bullish again)

Support: 0.155 (Breakdown here may accelerate selling pressure toward the lower zone)

📊 Trader’s Insight:
Currently, PYTH is at a make-or-break point. Smart traders should watch closely – either accumulation will happen here (leading to a bounce) OR a breakdown could bring another wave of selling.

💡 Pro Tip: Never chase pumps 🚀, instead focus on accumulation zones and confirmations. Risk management is your edge.

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