Technical Analysis: PYTH/USDT – Price Action & Targets 🚀
The PYTH/USDT pair has shown notable strength in the past 24 hours, gaining +12.76% and currently trading at 0.4234 USDT. Let's dive into the chart and analyze potential targets and key levels for the next moves.
🔍 Key Support & Resistance Levels:
Current Price: 0.4234 USDT
24h High: 0.4257 USDT
24h Low: 0.3695 USDT
SAR (Stop and Reverse) Indicator: 0.4069 USDT
The price has shown resilience and is holding strong above the 0.4069 support level, indicating bullish sentiment. However, there are key resistance zones that traders should be mindful of.
🎯 Target 1 - Short-Term Bullish Breakout: 0.4286
The first resistance level is around 0.4286, which could act as a key barrier for bulls. A breakout above this level would confirm further bullish momentum and possibly lead to an extension towards higher targets.
🎯 Target 2 - Mid-Term Resistance: 0.4400
If the price sustains above 0.4286, the next key resistance zone lies near 0.4400. This level has been a pivotal point in the past, and breaking it could open the door for more upside.
🎯 Target 3 - Long-Term Target: 0.4600
For long-term bulls, 0.4600 could be the next significant target. This level is a psychological resistance point and would represent a notable rally from current price levels.
#AltCoinSeason #DOGSONBINANCE #BNBChainMemecoins #BinanceBlockchainWeek
