+7.12% for Pyth as buyers push price toward the $0.036 resistance

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Pyth jumps 7.12% to $0.0343 today

Highlights

PYTH/USD shows strong short-term bullish momentum as it trades above key short- and medium-term moving averages.
Momentum indicators collectively signal overbought conditions, suggesting caution despite ongoing intraday buying pressure.
Expected trading range for the next 2–3 sessions is $0.0326 to $0.036, with 74% probability of an upside bias unless price drops below $0.0329.

Bullish signals intensify with overbought readings and elevated volatility

On the H1 timeframe, PYTH has crossed above the MA-20 at $0.0325 and MA-50 at $0.0329, while remaining below the MA-200 resistance at $0.0496. The Ichimoku Kijun line at $0.0329 now acts as immediate support. Multiple momentum indicators confirm bullish bias: the Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX) continue to indicate buy pressure. The Relative Strength Index (RSI) stands at 65.94, approaching overbought territory, while both the Stochastic RSI and Commodity Channel Index (CCI) also signal an overbought condition. Bull/Bear Power points to dominant buyers, and the Awesome Oscillator corroborates the ongoing uptrend. The price currently trades close to intraday highs on elevated volatility.

Range-bound trading expected as momentum shapes near-term risk

Over the next two to three sessions, PYTH is likely to consolidate between $0.0326 and $0.036, with a 74% probability of remaining in this range. Should momentum carry the price above $0.036, further upside gains are possible. A downward move below $0.0329 would raise the risk of a sharper decline toward immediate support.

Anton Kharitonov, expert at Traders Union, sees the technical picture for PYTH as bullish but lacking new catalysts. The price is showing momentum above short-term averages and multiple indicators stand in overbought territory. He remains cautious given the absence of news and recognizes the risk of reversal if support fails. "Until $0.0329 is breached to the downside, I stay neutral and avoid chasing this move."

Previously it was reported that Pyth faced persistent bearish momentum and downside risk despite ecosystem developments. The latest technical shift, marked by renewed buying pressure and overbought signals, introduces a reversal scenario in the short term, making the sustainability of this trend above $0.036 a key level for traders to monitor.

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.