$PYTH is down 3.47% to $0.0582, with a bearish MACD and RSI below 50 confirming strong downward momentum.

Smart Money Pressure: Whales have flipped bearish, with the long/short ratio dropping to 0.49 as shorts accumulate profitable positions, increasing selling pressure.

Contradictory News: Despite a key US government partnership, broad market fear and heavy selling pressure have negated potential positive sentiment.

Critical Liquidation Risk: Overcrowded long positions are at a significant loss, facing high liquidation risk if the critical support at $0.0573 is breached.

Bearish Technical Outlook

PYTH is trading at $0.0582, below its key 7, 25, and 99-day EMAs, confirming a persistent downtrend.

A negative MACD (-0.00042) and a weak RSI (43.5) indicate that sellers are in control and momentum remains bearish.

The price is testing the lower Bollinger Band at $0.0573 as critical support, with resistance found near the $0.059 EMA level.

Smart Money Flips Bearish

The long/short ratio plummeted from 0.66 to 0.49 as whales aggressively cut long positions and built up shorts.

Shorting whales are in significant profit (approx. +18.2%), while long positions are deeply unprofitable (approx. -24.3%).

The number of short whales has increased from 144 to 154, while long whales have decreased, signaling a strong bearish consensus.

Positive News vs. Market Reality

PYTH secured a partnership with the U.S. Commerce Department and was endorsed by Cardano's founder.

However, this positive news has not been enough to overcome the prevailing bearish market sentiment and selling pressure. 🔗

PYTH Earning Opportunities

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Strategic Outlook

Short-term: Watch the critical support at $0.0573. A break could lead to a test of the all-time low near $0.0532. Resistance is near $0.060.

Mid-term: The bearish trend may persist due to over-leveraged longs and negative market sentiment, unless a strong catalyst