PYTH/USDT: Holds a potential of 250% growth!

Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:

The PYTH/USDT pair is currently indicating a bearish trend within a descending triangle pattern. A breakout above the descending trendline could signal a bullish reversal with targets at the identified resistance levels. A potential move above the 50 MA and rising RSI for confirmation of a bullish trend.

On the other hand, a break below the lower support could indicate further downside risk.

Moving Averages: The 50 MA is a crucial resistance level for PYTH. A breakout above this moving average could signal a bullish shift.

Relative Strength Index: The RSI is gradually gaining momentum indicating a potential bullish shift.

Support and Accumulation range: $0.25 to $0.31.

Resistance and Targets:
~ T1: 0.4946 USDT
~ T2: 0.6739 USDT
~ T3: 0.8867 USDT
~ T4: 1.0978 USDT

DYOR. NFA.

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