🚀 $PYTH /USDT Technical Analysis: Bullish Continuation in Sight!

$PYTH /USDT is currently trading at $0.4633 (+8.50%) after a strong push from its 24h low of $0.4159. The price recently tested $0.4829 before a minor pullback, signaling bullish interest with room for continuation. Let’s break down the key levels and targets to watch.

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📊 Technical Analysis

1. Resistance Levels (Targets):

Target 1: $0.4700 – Immediate resistance; a breakout above confirms bullish momentum.

Target 2: $0.4830 – The 24h high and a key breakout level for continuation.

Target 3: $0.5000 – Psychological resistance and extended target signaling a new bullish leg.

2. Support Levels:

Support 1: $0.4550 – Immediate support where buyers may re-enter to defend the uptrend.

Support 2: $0.4400 – Deeper support and a key area for buyers to hold momentum intact.

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📈 Market Insights

24h High: $0.4829 – Indicates strong buyer pressure during the session.

Volume Surge: PYTH recorded 55.16M in 24h trading volume, reflecting healthy participation.

Trend Confirmation: Higher lows and consistent buying volume highlight a bullish trend with breakout potential.

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🎯 Trading Strategy

Entry Zone: $0.4600 - $0.4650

Targets: $0.4700 / $0.4830 / $0.5000

Stop Loss: Below $0.4550

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⚠️ Risk Management Tip

Wait for a volume-backed breakout above $0.4700 to confirm the next upward move. Keep stop-loss tight to mitigate risk during pullbacks.

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PYTH/USDT is showing bullish strength—trade smart and monitor key levels for the next move on Binance!

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