Will Pyth avoid deeper losses amid prevailing downward price move?

Will Pyth avoid deeper losses amid prevailing downward price move?
Pyth drops 7.57% to $0.0733 today

Pyth (PYTH) is trading at $0.0733, marking a daily decline of 7.57%. The asset sits below its short- and medium-term moving averages, while long-term support remains intact.

PYTH price prediction
24H 3.08%
$0.067
48H 0.92%
$0.0656
7D -9.38%
$0.0589
1M -17.38%
$0.0537
3M -60.92%
$0.0254
6M -73.38%
$0.0173
12M 54%
$0.1001
Current price: $0.065 -0.0016 2.36%
Real-time Data 01:22
Daily range 0.0647 Arrow from to Icon 0.0658
Weekly range 0.0584 Arrow from to Icon 0.0762
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Highlights

  • PYTH/USD trades below short- and medium-term moving averages with a 7.57% drop to $0.0733 and closes near the session low.
  • Technical indicators MACD and ADX both indicate strong selling pressure, while RSI and oscillators show bearish bias but are not oversold.
  • Price is expected to consolidate in the $0.0667 to $0.0799 range over the next 2 to 3 days, with a high likelihood of further downside.

Technical momentum weakens as sell signals dominate across indicators

On the H1 chart, PYTH is positioned below the MA-20 and MA-50, with the MA-200 offering long-term support. The Ichimoku Kijun level at $0.0755 sets immediate resistance. Momentum indicators reinforce this setup: MACD signals strong sell, ADX reflects persistent selling pressure, RSI is at 39 showing weak momentum but not oversold, and Stochastic RSI along with CCI remain neutral. Bull/Bear Power continues to favor sellers, aligning with the observed price drop.

Pyth Network asset chart
Pyth Network price dynamics. Source: TradingView.

Range-bound consolidation likely as volatility holds within key support

Over the next 2–3 sessions, price is expected to fluctuate narrowly between support at $0.0667 and resistance at $0.0799, with typical volatility contained within this band. The baseline scenario points to consolidation in this range. An upside move above $0.0755 would target the upper bound, whereas a breakdown below $0.0667 would likely accelerate downside risk and momentum.

Viktoras Karapetjanc, expert at Traders Union, sees Pyth (PYTH) consolidating near its long-term supports despite recent selling pressure. He notes weak momentum, but observes that downside risk remains contained above $0.0667. The asset lacks new fundamental or sentiment drivers, so technical levels guide the outlook for now. 'If $0.0667 support holds, I expect buyers to gradually regain confidence and test resistance at $0.0799 in the coming sessions,' Karapetjanc says.

Earlier, analysts noted that short-term bearish momentum in Pyth contrasted with supportive longer-term technical structure despite ongoing market pressure. The current setup strengthens this view, with new technical signals maintaining consolidation within a defined trading band and emphasizing $0.0667 as a critical level for potential downside acceleration.

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.