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📖 Day 1 · Quiz (Single Choic
Pyth Price Analysis :
PYTH is currently in a cooling-off phase after a major rally, pulling back to essential EMAs and support zones.
Short-term defensive levels around $0.1275–$0.13 are key—holding here may provide the foundation for another run at higher resistances.
A clean move back above $0.16–$0.19 and EMAs would offer a clearer path upward, especially if supported by on-chain developments or renewed institutional interest.
Keep watch on the U.S. economic data integration, broader market sentiment, and whether PYTH maintains technical support amidst these dynamics.
The range $0.1275–$0.1288 is a critical near-term support, highlighted via Fibonacci retracement levels and prior consolidation areas. Defense of this zone may provide a base for a rebound.
On the upside, a support/floor around $0.16 has been established following news-driven rallies.
$0.162–$0.215 are acting as immediate resistance—breaching this could pave the way for higher moves.
Technical commentators note that overcoming $0.19 could shift the momentum further upward toward $0.24–$0.30, with potential even beyond $0.40–$0.50 if a strong breakout materializes.
As of mid-August, PYTH notably slipped below its 50-day EMA, around $0.158, signaling that the short-term bullish trend was faltering. Attempts to push above the 100-day EMA (near $0.18) were rejected, suggesting mounting bearish pressure.
On shorter timeframes, a breakdown below the 20-period EMA (e.g. ~$0.1295) confirmed immediate bearish momentum. Critically, price action remains beneath the 20- and 50-EMA on intraday charts.
On broader scales, moving average signals vary by source. TradingView’s technical summary for PYTHUSDT strikes a “strong buy” rating for moving averages, albeit without specific EMA values reported.
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