Technical Analysis of PYTH/USDT on Binance ๐
The PYTH/USDT trading pair has been showing some exciting movement lately, and here's a closer look at the key technical levels and potential price targets ๐ฏ.
Current Price: $0.4775 (+9.54%)
PYTH has seen a strong upward movement recently, breaking past some resistance levels. Letโs take a closer look at the key targets to watch for in the coming hours and days:
Key Targets ๐ฏ:
1. Target 1: $0.4915
This level represents the 24-hour high and a key resistance point. If the momentum continues, PYTH could test and break this level, opening up the possibility for further upside.
2. Target 2: $0.4877
Based on the SAR (Stop and Reverse) indicator, we see a support level around $0.4877. This could act as a potential area for retracement or consolidation before a continuation to higher levels. Traders may look for confirmation here.
3. Target 3: $0.4959
The depth chart shows strong resistance at $0.4959. A successful push past this level could trigger a new wave of buying, propelling PYTH towards higher targets.
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