#PYTH $PYTH

PYTHUSDT 3-Day Chart Analysis

Chart Analysis:

1. Moving Averages:

- MA(7): 0.3599

- MA(25): 0.3657

The price is currently slightly above the MA(7), indicating potential short-term bullish momentum. The MA(25) is acting as a resistance level.

2. Support and Resistance:

- Support Levels:

- Immediate support at approximately 0.3599 (MA(7))

- Next support around 0.2340 (recent low)

- Resistance Levels:

- Immediate resistance at approximately 0.3657 (MA(25))

- Further resistance near the recent high of 0.4010

3. MACD:

- DIF: -0.0336

- DEA: -0.0498

- MACD Histogram: 0.0163

The MACD is positive, indicating bullish momentum. The DIF is above the DEA, suggesting a potential continuation of the upward trend.

4. RSI:

- RSI(6): 56.32

The RSI is at 56.32, which is in the neutral zone but slightly leaning towards the overbought side. This indicates a potential for continuation of the current trend with caution for possible pullbacks.

Conclusion:

The PYTHUSDT pair shows signs of recovery with the price moving above the MA(7) and approaching the MA(25) resistance. Immediate support is at 0.3599 with resistance at 0.3657. The MACD indicates bullish momentum while the RSI suggests a cautious approach as the price nears the overbought territory. Traders should watch for a break above 0.3657 for potential upward movement or a dip below 0.3599 for possible downward pressure.