$PYTH stuck in consolidation: Will the bulls wake up? đđ
Pyth Network ($PYTH ) is currently trading at $0.2862, stuck in a tight range with little momentum to push either direction. The 25-day SMA sits at $0.2762, while the 99-day SMA hovers just above the current price at $0.2859. This consolidation is leading to indecisiveness in the market. MACD is slightly positive, but not strong enough to suggest an imminent breakout.
The 1.41M trading volume shows decent activity, but not enough to create substantial movement. If $$PYTH an break through the 0.30 resistance level, we could see the bulls take charge for a short-term rally. However, failure to push above that mark would likely lead to a re-test of the $0.26 region, especially if volume fades.
With low volatility and no clear momentum, this chart is screaming caution. Wait for volume and a confirmed breakout before making any bullish calls. đ
