๐ $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. Letโs break down the key levels and targets to watch.
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๐ Technical Analysis
1. Resistance Levels (Targets):
Target 1: $0.4700 โ Immediate resistance; a breakout above confirms bullish momentum.
Target 2: $0.4830 โ The 24h high and a key breakout level for continuation.
Target 3: $0.5000 โ Psychological resistance and extended target signaling a new bullish leg.
2. Support Levels:
Support 1: $0.4550 โ Immediate support where buyers may re-enter to defend the uptrend.
Support 2: $0.4400 โ Deeper support and a key area for buyers to hold momentum intact.
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๐ Market Insights
24h High: $0.4829 โ 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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๐ฏ Trading Strategy
Entry Zone: $0.4600 - $0.4650
Targets: $0.4700 / $0.4830 / $0.5000
Stop Loss: Below $0.4550
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โ ๏ธ 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 strengthโtrade smart and monitor key levels for the next move on Binance!
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