This PYTH/USDT 1-hour chart displays a clear bull flag pattern ๐, indicating a strong continuation of the bullish trend ๐. The breakout above the flag's resistance line could propel prices toward the target zone marked at $0.56. RSI is at 60.22, reflecting positive momentum โก but staying below overbought levels, offering room for further upside. The consolidation within the flag shows healthy market behavior, preparing for a potential breakout. Keep an eye on volume and price action confirmation for stronger conviction in the upward trend. ๐ข
The OTHERS 1D chart demonstrates a clear cup-and-handle pattern โ, a highly bullish formation indicating potential market growth ๐. After breaking resistance around $300B, the chart signals a strong upward momentum, projecting targets above $450B ๐. The EMA ribbon aligns positively, showing sustained bullish strength, while the RSI is at 72.06, nearing overbought levels but maintaining momentum โก. This suggests increasing confidence in the market. Given the breakout and bullish continuation, PYTH aligns with the overall market's upward trajectory, reinforcing its positive outlook. ๐ข
The Binance PYTH/USDT liquidation heatmap highlights increased activity around the $0.48-$0.51 range ๐, with notable liquidity clusters ๐ข. This supports a bullish sentiment ๐ as traders protect long positions confidently.
Entry : 0.4870$ or Market Price
1st Tp: 0.5148
2nd Tp: 0.5485
3rd Tp : 0.5629
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$PYTH #swap_crypto