PYTH/USDT Breakout Watch Is the Accumulation Phase Finally Over?

📌 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.

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