The post PYTH Technical Analysis Mar 1 appeared on BitcoinEthereumNews.com.

PYTH is exhibiting a clear downtrend in the altcoin market; while the LH/LL structure persists, a BOS above $0.0542 could trigger a bullish shift. Will the trend continue or will a CHoCH occur? Critical swing levels will be decisive. Market Structure Overview PYTH’s current market structure reflects a clear downtrend. The price is maintaining the lower highs (LH) and lower lows (LL) pattern formed recently, preserving its bearish character. The current price is at $0.05, and despite a 24-hour 5.37% rise being observed, this movement does not alter the overall structure; as there is no sustained hold above EMA20 ($0.05). Supertrend is giving a bearish signal and is positioned at $0.06 resistance. RSI at 43.29 is in the neutral-bearish zone, and MACD’s negative histogram confirms low momentum. In the multi-timeframe (MTF) structure, 11 strong levels were identified across 1D/3D/1W timeframes: 3 supports/2 resistances on 1D, 2S/2R on 3D, 2S/3R distribution on 1W, indicating a resistance-heavy appearance on higher timeframes. This shows high structural downtrend risk despite short-term recoveries. The market is waiting for an opportunity for a bullish BOS if swing lows are defended, but continuation of LH/LL points to bearish targets ($0.0241). Trend Analysis: Uptrend or Downtrend? Uptrend Signals For higher highs (HH) and higher lows (HL) formation, the price needs to break above the $0.0503 swing high (score:63/100) and rise to $0.0542 (61/100). The 5.37% increase in the last 24 hours can be evaluated as a bounce from the $0.0477 support, but there is no sustained HH formation above EMA20. RSI rising above 50 from 43 and MACD histogram turning positive could strengthen the HL structure. In MTF, potential HLs around $0.0360 on the 1W timeframe should be monitored; above these levels is critical for the $0.0703 bullish target (score:25). For now, uptrend signals are weak; Supertrend turning…

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Filed under: News - @ March 1, 2026 3:23 pm