Sustained selling pressure drives Pyth down 7.4% in volatile trade

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Pyth slides 7.40% today to $0.0388

Highlights

PYTH/USD remains under sustained bearish pressure, trading below key moving averages and facing long-term downside momentum.
Momentum and oscillator indicators present a conflicting outlook, with ongoing uncertainty and intraday weakness dominating despite scattered buyer interest.
For the next 2–3 days, the price is expected to move between $0.0361 and $0.0415, with a 60% probability of further declines.

Mixed momentum and resistance highlight market uncertainty

On the hourly chart, PYTH/USD remains below the MA-20, MA-50, and MA-200, with the Ichimoku Kijun level at $0.0403 currently serving as immediate resistance. Momentum indicators offer a mixed picture: MACD and ADX suggest some buyer activity, but the RSI holds at 47.911 in Sell mode, while Stoch RSI and CCI are Neutral. Bull/Bear Power indicates some intraday buyer presence, though high volatility and a close near the session low after a sharp 7.4% decline point to persistent selling pressure. The divergence between momentum readings and oscillators underscores growing uncertainty and short-term weakness.

Range-bound outlook as upside chances remain limited

Over the next 2–3 trading days, the typical volatility band is projected between $0.0361 and $0.0415. There is a 40% likelihood of an upward move and a 60% chance of further downside, making a rebound less probable than continued weakness. The baseline expectation is for the price to remain within this sideways range. If PYTH/USD breaks above resistance at $0.0403, further gains may follow, while a drop beneath support at $0.0361 could lead to additional declines.

Anton Kharitonov, expert at Traders Union, sees ongoing weakness in PYTH, as price action stays below key moving averages and volatility remains high. He notes that mixed signals from momentum indicators and oscillators highlight uncertainty and the risk of further decline. The analyst maintains a defensive stance, emphasizing the greater probability of downside in the next few sessions. "Until PYTH/USD breaks above $0.0403, I would stay cautious and expect the range to hold or drift lower."

Earlier, analysts noted that Pyth Network exhibited short-term bullish momentum, underpinned by new product developments and active demand. The current shift to sustained downside pressure and mixed technical signals marks a notable change, making the $0.0361 support level critical to monitor for further weakness in the coming sessions.

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.