The Pyth Network (PYTH) is showing signs of a potential bullish reversal after forming a falling wedge pattern.
The Crypto Titan’s tweet suggests that the token has bottomed out within this structure, signaling the beginning of a reversal rally. Despite price swings lately, the analyst highlights increasing market momentum that could drive PYTH toward higher resistance levels.
The Crypto Titan’s analysis underscores the falling wedge pattern, which is historically bullish. The price action has been making lower highs and lower lows, compressing within a narrowing range.
Typically, this pattern results in a breakout when buyers regain control. The upper resistance stands between $0.35 and $0.40, while the lower support was recently tested around $0.21. Diminishing bearish pressure suggests sellers are exhausting, reinforcing the possibility of a breakout.
A successful move beyond the wedge’s upper boundary could validate The Crypto Titan’s outlook that PYTH is currently undervalued and on the verge of a strong upward trend.
$PYTH (Weekly)
— The Crypto Titan's (@cryptotitans11) February 22, 2025
IMO, the $PYTH reversal rally 📈 is started, after being bottomed out inside the falling wedge in the weekly timeframe✅.
IMO, 1$ for $PYTH is nothing & right now it's way Cheaper💎#pyth #Python #btc #bitcoin #crypto #CryptoTrading #thecryptotitans pic.twitter.com/LFADWJi5Z2
What you'll learn 👉
Key PYTH Price Levels to Watch
Investors are closely watching specific price levels. Support lies between $0.21 and $0.22, where buying interest has recently emerged. Should the token face further selling pressure, the next key support zone is between $0.18 and $0.20.
On the upside, the first major resistance sits at $0.35-$0.40, which coincides with the wedge breakout zone. Beyond that, a historical resistance level around $0.75 could act as the next target. The long-term psychological milestone of $1.00 remains the primary target for many traders, as noted in The Crypto Titan’s analysis.
Despite a 4.03% daily decline, to $0.24, PYTH has gained 9.57% over the past seven days, indicating steady accumulation by buyers. The daily trading volume remains strong at $103.9 million, reflecting sustained market interest.
As traders prepare for a possible trend shift, volatility has increased, which is frequently a sign of breakouts. In line with the technical setup that favors an upward rise, the most recent price rebound from important support zones indicates increased positive sentiment.
Read also: Litecoin (LTC) Could See Further Decline as 3-Month Support Starts to Weaken
Potential PYTH Price Breakout Could Lead to 210% Gain
If PYTH successfully breaks past $0.40, analysts project an upside potential of approximately 210%, bringing the price close to $1.00. This target aligns with historical market structures and the wedge’s measured move projection.
A sustained breakout could confirm the bullish outlook and establish new momentum for PYTH. Market participants are closely monitoring price action as the token approaches key resistance levels.
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