- Oh boy! The PYTH token decided to play hide and seek with the bears when it fell below $0.135. 🐻👀
- Looks like the buying pressure needs a double espresso to wake up and stop those price declines! ☕💸
So, Pyth Network [PYTH] was feeling a bit spry, up 5.6% in the last 24 hours. But wait! Its Trading Volume was 15% lower than the day before. Talk about a party with no guests! 🎉🚫
Traders were about as neutral as a referee at a wrestling match. No one was feeling bullish! 🤷♂️
PYTH wipes the slate clean – What’s next for our little altcoin buddy?
On May 6th, PYTH decided to throw a party, jumping from $0.128 to $0.211. That’s a whopping 64% gain in just three days! 🎈💰
But hold your horses! Trading volume surged like a kid on a sugar rush, only to find out it was just a blow-off top. Oops! 😱
What happened next? A steep retracement that dragged the token back to its breakout base like a bad date. 🥴
The OBV had a little spike during the rally, but then it decided to take a nap and hit a new low during the retracement. Meanwhile, the MACD was diving below the zero line like it was auditioning for a swimming competition. 🏊♂️
The OBV was trying to recover, but the trend was looking as bearish as a grumpy old man. 😠
So, short-term market sentiment? Neutral! Just like a referee! The drop below $0.135 was a big red flag. 🚩
Expect a minor bounce followed by more losses. It’s like a rollercoaster ride you didn’t sign up for! 🎢
Heatmap says bounce zone, but bears are still in charge!
The 2-week Liquidation Heatmap pointed out the $0.137-$0.15 area as a magnetic zone. It’s like a black hole for prices! 🕳️
So, it’s likely that the Pyth Network token could see a 10% bounce this week. But don’t get too excited; that won’t change the trend! 🎈
In fact, the bears have already wiped out the entire week’s gains. They’re holding on tighter than a kid with a candy bar! 🍬
A move beyond $0.16 would be the first sign of bulls finally winning this battle. Until then, traders should be as cautious as a cat on a hot tin roof! 🐱🔥
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2025-05-22 11:10