-7.14% for Pyth as trading remains well below long-term average

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Pyth slides 7.14% today to $0.0325

Highlights

PYTH/USD maintains a bearish trajectory, consistently trading below short, medium, and long-term trend averages.
Momentum and oscillator readings overwhelmingly favor sellers, with bearish momentum signals dominating despite pockets of intraday buying.
Near-term price forecast is a range between $0.0304 and $0.0346 with a strong probability of further downside unless $0.0339 resistance is broken.

Sell momentum strengthens as intraday resistance and volatility persist

On the technical front, PYTH is currently below the MA-20 ($0.0337) and MA-50 ($0.0354) on the hourly chart, as well as the MA-200 ($0.0538) on the daily timeframe. The Ichimoku Kijun sits at $0.0339, providing immediate resistance for intraday action. Among oscillators, the MACD shows a strong sell, ADX confirms a prevailing sell bias, and RSI reads 41.18, also indicating selling conditions. Stoch RSI points to an overbought condition while CCI remains neutral. BBP suggests some buyer presence intraday, but the overall technical setup favors sellers. The session has seen high volatility with the price staying near session lows.

Downward risk elevated as upside breakout remains unlikely

In the short term, PYTH is expected to trade between $0.0304 and $0.0346 over the next 2–3 sessions, reflecting a typical volatility band relative to current levels. The probability of an upward breakout is very low, while further downside risk is high. If price breaks below $0.0304, deeper declines may follow; a move above $0.0339 would signal a bullish reversal scenario.

Anton Kharitonov, expert at Traders Union, sees a technical landscape dominated by persistent selling pressure in PYTH. Key moving averages remain overhead, with momentum indicators pointing to continued downside risk. Absent meaningful news, he remains focused on price levels and setup quality. "Until PYTH decisively clears $0.0339, I remain defensive and see little reason to expect a reversal."

Earlier, analysts noted that Pyth was experiencing persistent bearish momentum, with expanding product offerings failing to offset sustained selling pressures. The current technical configuration reinforces this bearish outlook, making a decisive move below $0.0304 the key risk to monitor for renewed downside.

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.