The post PYTH Technical Analysis Jan 23 appeared on BitcoinEthereumNews.com.

The current risk environment for PYTH requires high caution due to the downward trend and narrow price range. Although the potential reward is around 60%, the risk/reward ratio is unbalanced with bearish signals; a capital protection-first approach is essential. Market Volatility and Risk Environment PYTH is trading at $0.06 as of January 23, 2026, showing only +0.88% change in the last 24 hours. The daily range is extremely narrow at $0.06 – $0.06, with volume at low levels of $11.24M. While this indicates short-term consolidation, the overall volatility of the crypto market should not be ignored. ATR (Average True Range)-based volatility analysis shows low fluctuations in recent periods, but rapid movements are possible in sudden breakouts. RSI at 39.47 is in the neutral zone, approaching oversold but not giving an oversold signal. Supertrend is bearish and trading below EMA20 ($0.06), increasing short-term risk. In multi-timeframe (MTF) evaluation, there are 8 strong levels on 1D/3D/1W: 1D (1 support/0 resistance), 3D (2S/2R), 1W (1S/3R). This structure emphasizes downside breakout risk; in the event of increased volatility, capital erosion could accelerate. Traders should monitor volatility and make dynamic adjustments – for example, reducing position size on expanding ATR. Risk/Reward Ratio Assessment Potential Reward: Target Levels In a bullish scenario, the $0.0960 target (approximately 60% upside) may seem attractive from the current $0.06 (score:31). However, this requires strong bullish momentum and BTC support. Lack of resistance (no score >=60) could facilitate an upside breakout, but the overall downtrend limits this potential. From a risk/reward perspective, the reward realization is low probability; traders should target at least 1:2 R/R, which is unbalanced here. Potential Risk: Stop Levels Bearish target $0.0244 (approximately -59% downside, score:22) accelerates if the current support at $0.0552 (score 60/100) breaks. This level is critical as the trade invalidation point; a rapid…

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Filed under: News - @ January 24, 2026 1:19 am