$PYTH Short Liquidation: $9.9025K at $0.39031
Current Price Action:
Price: $0.39031
Liquidation Trigger: $9.9025K in shorts liquidated
Resistance: $0.3950 (previous consolidation area)
Support: $0.3750 (local low zone)
What's Next?
After the short liquidation spike, a retrace to the support level at $0.3750 could occur, with a potential test of the $0.3950 resistance.
If bulls maintain momentum and break above $0.3950, the next target is around $0.4100.
Watch for signs of bearish rejection near resistance, which could lead to further downside.
Risk:
If $PYTH price drops below $0.3750, a deeper correction towards $0.3600 could follow.
Prediction:
A slight bullish consolidation above $0.3800, with breakout potential toward $0.4100 if momentum continues.
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