-9.20% for Pyth as failed rebounds keep upside in check

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Pyth drops 9.2% to $0.0385 today

Highlights

PYTH continues to trade below major moving averages, confirming sustained bearish momentum across all timeframes.
Intraday price action is sharply negative, with a 9.2% drop to $0.0385 and sellers dominating amid high volatility.
The likely five-day range is $0.0360 to $0.0400, with downside risk prevailing unless price breaks above immediate resistance at $0.0406.

Seller dominance as weak momentum meets failed technical support

PYTH trades significantly below the MA-20 at $0.0470, the MA-50 at $0.0472, and the MA-200 at $0.0562. The Ichimoku Kijun on the daily chart stands at $0.0506 and acts as immediate resistance. Momentum indicators remain weak: the MACD is bearish, the ADX shows lackluster directional strength, and the RSI, CCI, and Stoch RSI signal continued downside but stop short of extreme oversold conditions. The Bull/Bear Power (BBP) highlights clear seller control intraday, while the Awesome Oscillator (AO) is neutral and does not add conviction to the prevailing trend. Price action reveals heavy selling pressure, with volatility high and trading clustered near intraday lows.

Downside risk intensifies as rebound above resistance unlikely

In the short term, the typical volatility band is expected between $0.0360 and $0.0400. The probability of a rebound above resistance at $0.0406 is very low, while further downside is favored if support at $0.0360 fails. The base scenario sees PYTH consolidating in a narrow range near current levels unless a significant break below $0.0360 triggers a new wave of selling toward lower lows.

Anton Kharitonov, expert at Traders Union, sees persistent technical weakness for PYTH as it trades below all key moving averages. He highlights that bearish momentum remains strong, with no supporting news to help sentiment or invalidate the downside bias. Cautious positioning is warranted unless $0.0360 holds as support. "The risk of further declines remains elevated — I would avoid buying until a clear reversal above $0.0406 is confirmed."

Earlier, analysts noted that persistent bearish technical signals and weak momentum indicators continued to weigh on Pyth’s price outlook. The latest decline and continued subpar momentum strengthen the prior bearish thesis, with traders now advised to closely monitor price action near the $0.0360 support for any escalation in downside risk.

Source of Data: PYTH Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.