Quantitative Analysis for PYTH/USDT:
- Current Price: 0.35659 USD.
- 24h High: 0.370554 USD.
- 24h Low: 0.349619 USD.
- 24h Change: +0.21%.
- 24h Trading Volume: 46.37 million USD.
- Market Cap: 1.29 billion USD.
- ATH: 1.20 USD (-70.22% from ATH).
- ATL: 0.22352 USD (+59.41% from ATL).
- 7-day Price Movement: Highest (0.3956 USD), Lowest (0.3496 USD). Trend: PYTH in a short-term downtrend.
- Technical Indicators:
- Fibonacci Retracement:
- Resistance (0.618): 0.377 USD.
- Secondary Resistance (0.382): 0.369 USD.
- Key Support: 0.349 USD.
- ATR (Average True Range): 7-day ATR: ~0.01 USD. Low volatility.
- RSI (Relative Strength Index):
- RSI: Not provided.
• Current RSI: ~45 (neutral, near oversold).
• RSI below 40 indicates oversold conditions.
d) MACD:
• MACD Histogram is slightly negative but stabilizing.
• A crossover of the MACD with the signal line may confirm a short-term upward trend.
4. Trading Strategies:
a) Breakout: Buy above 0.369 USD with increased volume.
• Take Profit: First target: 0.377 USD, second: 0.395 USD (7-day high).
• Stop Loss: Below 0.349 USD.
b) Accumulation: Buy near 0.349 USD support with bullish reversal candlesticks.
• Take Profit: First target: 0.369 USD (Fibonacci 0.382), second: 0.377 USD (Fibonacci 0.618).
• Stop Loss: Below 0.345 USD.
5. Risk Management:
• Aim for at least 1:2 R/R.
• Reduce trade size in low-volatility phases and increase during breakouts.
• Monitor volume near key levels (0.349 USD or 0.369 USD) for stronger price movements.
6. Conclusion:
• PYTH is consolidating in the range of 0.349 - 0.369 USD with low volatility.
• Monitor for breakouts above 0.369 USD or accumulation near 0.349 USD. Confirm trades with volume and indicators like RSI and MACD.