Market Overview for Pyth Network (PYTHUSDT) – 24-Hour Analysis

• Pyth Network (PYTHUSDT) opened at $0.1278 and closed at $0.1230, declining by 3.75% over the last 24 hours.
• A bearish breakdown below key support at $0.1246 confirmed a short-term bear trend with increased volume.
• RSI hit oversold territory near 28, suggesting potential for a near-term bounce.
• Volatility expanded in the early hours, with a 15-minute candle hitting a $0.1236 low before a partial recovery.
• Bollinger Bands widened during the 00:00–05:00 ET window, signaling high uncertainty and erratic price behavior.

Pyth Network (PYTHUSDT) opened at $0.1278 on 2025-07-24 at 12:00 ET and closed at $0.1230 at 12:00 ET on 2025-07-25, with a high of $0.1289 and a low of $0.1191. Total 24-hour volume reached ~33.7 million contracts, while turnover was ~$4.2 million.

Structure & Formations

Price broke below the key support level at $0.1246, forming a bearish confirmation pattern. A strong bearish engulfing pattern occurred at 16:30 ET as the asset moved from $0.1268 to $0.1246. A doji formed at $0.1236 at 03:45 ET, signaling indecision and potential reversal.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trended downward, with price closing below both. On the daily chart, the 50/100/200 EMA lines show bearish alignment, reinforcing the downward momentum.

MACD & RSI

The MACD line remained below the signal line, with bearish divergence evident in the histogram. RSI hit oversold territory near 28, indicating a potential short-term bounce. However, the lack of a strong reversal candle suggests the bear trend could continue.

Bollinger Bands

Volatility spiked overnight, with Bollinger Bands widening significantly between 00:00 and 05:00 ET. Price traded near the lower band during this period, suggesting extreme bearish pressure. Bands have since tightened slightly, hinting at potential consolidation ahead.

Volume & Turnover

Volume spiked during the breakdown below $0.1246, with a 15-minute candle at 23:30 ET showing ~445,640 contracts traded. Turnover also increased in the early morning hours, but a divergence appeared later in the day as volume declined while price continued to fall, signaling weakening bear momentum.

Fibonacci Retracements

On the 15-minute chart, price found support at the 38.2% Fibonacci retracement level at $0.1236 before bouncing to $0.1242. On the daily chart, the 61.8% level at $0.1220 is now key for near-term support.

PYTHUSDT appears to be in a short-term bearish phase, with momentum and volume supporting the move lower. A potential bounce from oversold RSI and Fibonacci support at $0.1220 may offer a near-term opportunity, but a break below that level could extend the downtrend. Investors should remain cautious of further volatility and divergence in volume.