Looking at PYTH's recent market trend, it's clear from the candlestick chart that this isn't a sudden surge driven by quick speculation, but rather a normal upward trend supported by steadily accumulating funds. After some sideways movement at lower levels, it has now stepped into a stair-step rally, with short-term resistance levels being broken one after another. Each pullback is met with buyers holding above key support levels, making the bullish momentum more and more solid.
Trading volume has also increased accordingly, with a 24-hour trading volume exceeding 7 million USDT. This indicates that it's not just a few retail investors buying, but a continuous influx of buy orders driven by genuine funds.
**How to operate more safely**
My advice is not to chase blindly. Wait for the price to retrace to the $0.066 to $0.0665 range, then enter with a small position, or wait until it pulls back to a recent important support level before entering. This way, you'll feel more at ease.
As for target levels, the first target is $0.0675, and the second is $0.068. If it can break previous highs, pushing towards $0.069 is also within reach.
Set your stop-loss at $0.065. If the price falls below this level, the short-term rally might lose momentum, and you should exit decisively.
**Final words**
PYTH's recent rally has been quite smooth, with volume and price working well together. The bulls are still holding strong. As long as the $0.065 support level holds, I remain optimistic. If you want to short, I advise you not to do so now. For coins that steadily climb upward, going against the trend isn't worth it. For long positions, be patient and wait for the right opportunity. Don't get fooled by short-term spikes; buying on dips is the way to secure profits from this trend.
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MevHunter
· 01-07 11:09
0.065 must hold as a crucial support; otherwise, this wave of market movement will be wasted.
View OriginalReply0
AirdropHustler
· 01-07 02:59
This round of PYTH is indeed stable, without any sense of artificial inflation, just real money pouring in.
Wait for the correction to the 0.066 range before buying in, don't chase the top, it's exhausting.
View OriginalReply0
JustAnotherWallet
· 01-06 15:05
7 million USDT in volume—that's true consensus. Retail investors simply can't push that out.
View OriginalReply0
ZKProofEnthusiast
· 01-04 12:49
Wait for the pullback before buying again. Don't chase the high and get caught. Buying the dip is the way to go.
View OriginalReply0
RegenRestorer
· 01-04 12:43
7 million in transaction volume is no joke, it shows that real money is indeed coming in, but I still think there's no need to rush; wait for a pullback before acting.
View OriginalReply0
ChainSauceMaster
· 01-04 12:37
Wait, can 0.065 really hold? Feels like this wave of volume is a bit fake.
View OriginalReply0
AirdropHarvester
· 01-04 12:35
0.065 If I can't hold it, I'll run. I don't want to be trapped.
Looking at PYTH's recent market trend, it's clear from the candlestick chart that this isn't a sudden surge driven by quick speculation, but rather a normal upward trend supported by steadily accumulating funds. After some sideways movement at lower levels, it has now stepped into a stair-step rally, with short-term resistance levels being broken one after another. Each pullback is met with buyers holding above key support levels, making the bullish momentum more and more solid.
Trading volume has also increased accordingly, with a 24-hour trading volume exceeding 7 million USDT. This indicates that it's not just a few retail investors buying, but a continuous influx of buy orders driven by genuine funds.
**How to operate more safely**
My advice is not to chase blindly. Wait for the price to retrace to the $0.066 to $0.0665 range, then enter with a small position, or wait until it pulls back to a recent important support level before entering. This way, you'll feel more at ease.
As for target levels, the first target is $0.0675, and the second is $0.068. If it can break previous highs, pushing towards $0.069 is also within reach.
Set your stop-loss at $0.065. If the price falls below this level, the short-term rally might lose momentum, and you should exit decisively.
**Final words**
PYTH's recent rally has been quite smooth, with volume and price working well together. The bulls are still holding strong. As long as the $0.065 support level holds, I remain optimistic. If you want to short, I advise you not to do so now. For coins that steadily climb upward, going against the trend isn't worth it. For long positions, be patient and wait for the right opportunity. Don't get fooled by short-term spikes; buying on dips is the way to secure profits from this trend.