$PYTH /USDT: Bullish Comeback – Is a Breakout Above $0.48 Imminent?
$PYTH /USDT is trading at $0.4774, showing a promising recovery from its recent low of $0.4612. The price has gained momentum, testing a minor resistance near $0.4800, which acts as the next barrier for an upward move. If PYTH clears this level, it could trigger a steady climb toward nearby targets, while key support at $0.4730 must hold to sustain the current momentum.
Trade Setup:
Entry Zone: $0.4750 – $0.4780
Target 1: $0.4800
Target 2: $0.4840
Target 3: $0.4880
Stop-Loss: $0.4700
With RSI at 70.80, PYTH is nearing overbought territory, signaling strong buying activity but cautioning for potential pullbacks. Keep an eye on volume spikes as a breakout above resistance could quickly lead to further gains. This setup offers a well-balanced trade opportunity in the short term.