PYTH is now trading at a critical turning point, hovering right above the major demand zone at 0.100–0.089 USDT (yellow block).
This area has acted as a strong defensive wall for buyers several times in the past.
However, persistent lower highs under the descending trendline are showing strong selling pressure, forming a descending triangle pattern — a classic sign of market compression before a major move.
As volume gradually declines, the chart suggests that energy is building up for a breakout or breakdown.
The next move from this structure will likely define PYTH’s direction for the next few weeks.
---
🟢 Bullish Scenario
Key condition: Breakout and 12H candle close above the descending trendline and 0.120 USDT, ideally with strong volume confirmation.
Once confirmed, PYTH could start reversing its structure with the following upside targets:
🎯 Target 1: 0.140 (nearest resistance)
🎯 Target 2: 0.165 (previous supply zone)
🎯 Target 3: 0.231–0.250 (major resistance / previous high)
As long as price holds above 0.100, the structure remains valid for a potential bullish reversal.
Suggested stop-loss: below 0.095 (or based on personal risk tolerance).
💬 “A breakout above the trendline could be the first signal of a major reversal. Volume confirmation is key.”
---
🔴 Bearish Scenario
If the price fails to break above the trendline and instead closes below 0.089 USDT, bearish momentum could accelerate sharply.
A confirmed breakdown below this demand area might trigger a stop-loss cascade or panic selling, targeting:
⚠️ Target 1: 0.070
⚠️ Target 2: 0.050
This zone represents the last stand for the bulls — losing it could shift the market into a new bearish phase.
💬 “If 0.089 breaks, strong support becomes a dangerous resistance.”
---
⚙️ Technical Summary
Pattern: Descending Triangle
Strong Support Zone: 0.100–0.089
Bullish Trigger: 12H close above 0.120
Bearish Trigger: 12H close below 0.089
Market Condition: Price compression under pressure — a large directional move is likely approaching.
---
💡 Trader Insight
> “The longer price stays compressed under pressure,
the stronger the breakout potential becomes.
Direction is uncertain — but the storm is near.”
#PYTH #PYTHUSDT #Crypto #TechnicalAnalysis #DescendingTriangle #Breakout #SupportResistance #CryptoChart #PriceAction #AltcoinSetup
This area has acted as a strong defensive wall for buyers several times in the past.
However, persistent lower highs under the descending trendline are showing strong selling pressure, forming a descending triangle pattern — a classic sign of market compression before a major move.
As volume gradually declines, the chart suggests that energy is building up for a breakout or breakdown.
The next move from this structure will likely define PYTH’s direction for the next few weeks.
---
🟢 Bullish Scenario
Key condition: Breakout and 12H candle close above the descending trendline and 0.120 USDT, ideally with strong volume confirmation.
Once confirmed, PYTH could start reversing its structure with the following upside targets:
🎯 Target 1: 0.140 (nearest resistance)
🎯 Target 2: 0.165 (previous supply zone)
🎯 Target 3: 0.231–0.250 (major resistance / previous high)
As long as price holds above 0.100, the structure remains valid for a potential bullish reversal.
Suggested stop-loss: below 0.095 (or based on personal risk tolerance).
💬 “A breakout above the trendline could be the first signal of a major reversal. Volume confirmation is key.”
---
🔴 Bearish Scenario
If the price fails to break above the trendline and instead closes below 0.089 USDT, bearish momentum could accelerate sharply.
A confirmed breakdown below this demand area might trigger a stop-loss cascade or panic selling, targeting:
⚠️ Target 1: 0.070
⚠️ Target 2: 0.050
This zone represents the last stand for the bulls — losing it could shift the market into a new bearish phase.
💬 “If 0.089 breaks, strong support becomes a dangerous resistance.”
---
⚙️ Technical Summary
Pattern: Descending Triangle
Strong Support Zone: 0.100–0.089
Bullish Trigger: 12H close above 0.120
Bearish Trigger: 12H close below 0.089
Market Condition: Price compression under pressure — a large directional move is likely approaching.
---
💡 Trader Insight
> “The longer price stays compressed under pressure,
the stronger the breakout potential becomes.
Direction is uncertain — but the storm is near.”
#PYTH #PYTHUSDT #Crypto #TechnicalAnalysis #DescendingTriangle #Breakout #SupportResistance #CryptoChart #PriceAction #AltcoinSetup
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✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
