#PYTH/USDT price is testing the 1.618 Fibonacci level at the $0.65 mark. At the same time, the upward trend forms two parallel boundary lines, forming an upward channel shape, which controls the upward trend.​

The altcoin declined within the channel to test the bottom support trendline as supply increased towards $0.65. PYTH price action resulted in multiple candlestick price rejections lower, anticipating a high probability of a bullish reversal.​

Currently, PYTH price is trading at $0.56, showing minimal intraday moves after a late-night recovery. Additionally, buyers plan morning star patterns at the baseline to increase reversal opportunities and momentum.​

Technical indicators:

DMI: The decline in the ADX line coincides with a pullback phase and brings the VI line closer to a crossover. However, a Morning Star-led reversal opportunity could soon return the DMI indicator line to a bullish position.

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