Pyth price dips amid rising selling pressure

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Pyth slides 11.08% today to $0.0321

Highlights

PYTH/USD remains locked in a pronounced downtrend, trading well below key moving averages and showing persistent bearish momentum.
All major momentum and oscillating indicators confirm seller dominance, with oversold signals and a negative bias prevailing intraday.
The pair is expected to trade between $0.03 and $0.04 over the next five sessions, with low recovery probability and rising risk of further downside if $0.03 fails.

Anton Kharitonov, expert at Traders Union, points out persistent weakness in PYTH as it trades well below all major moving averages. He stresses that technical indicators unanimously confirm sustained bearish pressure, with momentum, RSI, and volatility all flashing risk. The lack of supportive news or positive sentiment further undermines recovery prospects. Kharitonov is critical about rebound scenarios, noting the dominance of sellers and the lack of buying signals on key timeframes. "Until clear trend reversals or news-driven catalysts emerge, I think the risks of further downside remain significant," he warns.

Viktoras Karapetjanc, expert at Traders Union, highlights that despite current weakness, range support near $0.03 creates a potential platform for future recovery. He notes that sharp selloffs can offer attractive entry points for forward-looking traders targeting a move through $0.04 resistance. Karapetjanc remains optimistic about structural opportunities as the asset stabilizes. "A decisive shift above $0.04 would add momentum for bulls — I expect further upside as market confidence gradually rebuilds," he says.

Bearish regime persists as technical barriers limit upside

PYTH/USD continues to trade well below its 20-day, 50-day, and 200-day simple moving averages ($0.0408, $0.0463, and $0.0538, respectively), which signals persistent bearish momentum across short-, medium-, and long-term horizons. The nearest dynamic resistance is the Ichimoku Kijun line at $0.0476, which may serve as an overhead barrier on any recovery attempt.

Momentum remains negative according to the Moving Average Convergence Divergence (MACD), reinforced by the Average Directional Index (ADX) signaling a sell bias. Both the Commodity Channel Index (CCI) and Stochastic RSI are deeply in oversold territory, and the Relative Strength Index (RSI) hovers near 32, reflecting ongoing seller dominance. Bull/Bear Power (BBP) is negative, confirming that sellers control intraday momentum. The Awesome Oscillator aligns with this bearish structure. The pair posted a downside gap of about $0.0017 and is trading near the session low, with intraday volatility at 8.46%. Today’s price dropped 11.08% to $0.0321. Overall, there is considerable pressure after the open and technical signals confirm that bearish sentiment prevails.

Earlier, analysts noted that Pyth was experiencing sustained bearish momentum as technical indicators collectively favored sellers. The current analysis reinforces this trend, with momentum and oscillators remaining deeply negative, making a decisive move below $0.03 the key risk to monitor for potential further 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

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