The post PYTH Technical Analysis Feb 4 appeared on BitcoinEthereumNews.com.

PYTH Network is stuck at the $0.05 level while critical support slips towards $0.0476; as the bearish trend maintains dominance, oversold signals on RSI keep the hope for a limited reaction rally alive. Market Outlook and Current Situation PYTH is trading at the $0.05 level with a 3.65% drop in the last 24 hours and is being crushed under the general crypto market’s bearish pressure. A clear downtrend dominates the daily timeframe; the price continues to stay below EMA20 ($0.06), confirming short-term weakness. Volume is stable at $21.51 million but not strong enough to support the decline, indicating that selling is not organized. The market is moving in sync with Bitcoin’s 3.53% losses, while correlation in altcoins makes PYTH even more vulnerable. Looking at multi-timeframe (MTF) confluence, a total of 6 strong levels stand out across 1D, 3D, and 1W charts: 1 support and 3 resistances on 1D, 1 support on 3D, and a balanced distribution on 1W. This structure shows that the price tends to consolidate in the $0.0476-$0.0504 range. There is no significant catalyst in the news flow; although PYTH’s fundamental value as an oracle network remains intact, low macro risk appetite is preventing a rally. Investors can review their positions by accessing detailed data from the PYTH Spot Analysis page. Overall market sentiment is negative; BTC’s weakness at $76,174 level dominates altcoins. PYTH’s market cap has eroded by more than 10% in recent weeks, and long/short ratios on exchanges have shifted towards shorts. In this environment, volatility is low but staying alert for sudden breakouts is essential. Technical Analysis: Key Levels to Watch Support Zones The most critical support is at $0.0476 (score: 82/100), showing strong confluence on 1D and 3D timeframes. This level overlaps with previous swing lows, forming a psychological base; a break could trigger…

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Filed under: News - @ February 4, 2026 4:28 am