📌 Technical Overview:
After nearly 8 months in a strong downtrend, PYTH/USDT is now showing signs of a potential trendline breakout. Price action is testing a critical descending resistance that has been respected since late 2024. This could be the turning point for a major trend reversal.
📉 Historical Context:
PYTH reached a high of $0.55, followed by a consistent downtrend with a series of lower highs and lower lows.
Since June 2025, however, the structure has shifted to higher lows, signaling early accumulation and waning bearish momentum.
📐 Technical Pattern: Descending Trendline Breakout
Price is currently challenging a long-term descending trendline, which has held as resistance since November 2024.
The pattern resembles a falling wedge/descending triangle breakout, typically viewed as a bullish reversal pattern.
A recent bullish candle is attempting to break above the $0.13 level, indicating growing momentum.
🟩 Bullish Scenario: The Reversal is On
If price closes above $0.13–$0.14 and confirms the breakout:
1. Short-Term Targets:
🔼 $0.1736 (Minor resistance / previous demand zone)
🔼 $0.1952 (Breakout retest zone)
2. Mid-Term Targets:
🔼 $0.2457 (Strong consolidation area)
🔼 $0.3196 – $0.3912 (Pre-breakdown range highs)
3. Long-Term Target:
🔼 $0.5258 – $0.5533 (Previous market top)
> A successful breakout could trigger a rally of +200–300%, especially if supported by market-wide bullish sentiment.
🟥 Bearish Scenario: Fakeout Risk
If price fails to hold above the trendline and drops below $0.12:
Support zones to watch:
🔽 $0.1000 (psychological level)
🔽 $0.0860
🔽 $0.0807 (major bottom support)
This would indicate a bull trap, and the market could return to a distribution phase.
🔍 Additional Confluences:
RSI is rising toward 60–65, suggesting bullish momentum is building.
Volume is increasing near the breakout — a good sign of trader interest.
A Golden Cross (EMA 50 crossing EMA 100) could occur soon if upside holds.
✅ Conclusion: Critical Pivot Zone
PYTH is testing a major inflection point. If confirmed, this breakout could end the long-term downtrend and launch a new bullish cycle. A rejection here, however, keeps the bear case alive.
#PYTHUSDT #PYTHBreakout #CryptoAnalysis #AltcoinSetup #TechnicalAnalysis #BreakoutCrypto #TradingView #TrendReversal #CryptoSignals #FallingWedge #BullishMomentum
After nearly 8 months in a strong downtrend, PYTH/USDT is now showing signs of a potential trendline breakout. Price action is testing a critical descending resistance that has been respected since late 2024. This could be the turning point for a major trend reversal.
📉 Historical Context:
PYTH reached a high of $0.55, followed by a consistent downtrend with a series of lower highs and lower lows.
Since June 2025, however, the structure has shifted to higher lows, signaling early accumulation and waning bearish momentum.
📐 Technical Pattern: Descending Trendline Breakout
Price is currently challenging a long-term descending trendline, which has held as resistance since November 2024.
The pattern resembles a falling wedge/descending triangle breakout, typically viewed as a bullish reversal pattern.
A recent bullish candle is attempting to break above the $0.13 level, indicating growing momentum.
🟩 Bullish Scenario: The Reversal is On
If price closes above $0.13–$0.14 and confirms the breakout:
1. Short-Term Targets:
🔼 $0.1736 (Minor resistance / previous demand zone)
🔼 $0.1952 (Breakout retest zone)
2. Mid-Term Targets:
🔼 $0.2457 (Strong consolidation area)
🔼 $0.3196 – $0.3912 (Pre-breakdown range highs)
3. Long-Term Target:
🔼 $0.5258 – $0.5533 (Previous market top)
> A successful breakout could trigger a rally of +200–300%, especially if supported by market-wide bullish sentiment.
🟥 Bearish Scenario: Fakeout Risk
If price fails to hold above the trendline and drops below $0.12:
Support zones to watch:
🔽 $0.1000 (psychological level)
🔽 $0.0860
🔽 $0.0807 (major bottom support)
This would indicate a bull trap, and the market could return to a distribution phase.
🔍 Additional Confluences:
RSI is rising toward 60–65, suggesting bullish momentum is building.
Volume is increasing near the breakout — a good sign of trader interest.
A Golden Cross (EMA 50 crossing EMA 100) could occur soon if upside holds.
✅ Conclusion: Critical Pivot Zone
PYTH is testing a major inflection point. If confirmed, this breakout could end the long-term downtrend and launch a new bullish cycle. A rejection here, however, keeps the bear case alive.
#PYTHUSDT #PYTHBreakout #CryptoAnalysis #AltcoinSetup #TechnicalAnalysis #BreakoutCrypto #TradingView #TrendReversal #CryptoSignals #FallingWedge #BullishMomentum
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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.
✅ 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.