- PYTH price consolidates between $0.1250 and $0.1272 with volume near 9.3K on Binance.
- RSI at 47.56 and flat MACD confirm low momentum as PYTH tests key support zones.
- 24h volume drops 36.82% as PYTH trades at $0.1259 with a $724.2M market cap on CMC.
The PYTH/USDT pair on Binance has been both strong and weak in recent trading sessions. The price hit a high of $0.1272 on the 1-minute chart before entering a period of consolidation. The pair is currently trading around $0.1260, which is a small gain of 0.16%. The trading volume is only about 9.3K, which supports the idea that the momentum is slowing down.
Technically, the asset had a bullish pattern in the earlier days of the session, which was shown by higher highs and higher lows. The price remained the same after it reached its peak. The Relative Strength Index (RSI) level is 47.56, which implies that it is neutral. The Moving Average Convergence Divergence (MACD), however, remains horizontal, dangling around the zero line, indicating that no distinct direction exists or that a choice is made.
Traders are monitoring the $0.1272 resistance and the $0.1250 support for a potential breakout. A chart shared on X outlines this consolidation zone and highlights the importance of volume confirmation before any decisive move.
Mixed Momentum on Broader Timeframe Charts
On the 4-hour chart, PYTH had already confirmed a bullish breakout from a symmetrical triangle pattern. Strong buying activity pushed the price up from about $0.1000 to a high of $0.1500. Since then, the asset has gone through a correction phase and is now testing the breakout zone again.
Right now, PYTH is trading below both the 9-period EMA and the 50-period SMA, which means that people are feeling bearish in the short term. The area of support between $0.1200 and $0.1220 is now the focus. If this area stays strong, it could be the start of another upward move, especially if the volume goes up.
But if the price doesn’t stay above this area, it could drop to the $0.1100 area. This level is the same as the last breakout point and could be a strong support if it is tested again.
Token Metrics Show Possible Risks and Signs of Recovery
CoinMarketCap reports that PYTH is valued at $0.1259, representing a 0.36% increase over the last 24 hours. The market cap is $724.2 million, and there are 5.74 billion PYTH tokens in circulation out of a total supply of 10 billion. The volume-to-market cap ratio is still good at 5.92%, but trading volume dropped by 36.82%, which could mean that interest in the market is fading.
The project is worth $1.25 billion in fully diluted terms, but the difference between that and its market cap suggests that there could be supply pressure in the future because of token unlocks. Support at $0.1215 and resistance around $0.1300 are important levels to watch.
