PYTH Technical Analysis Feb 10

PYTH is showing a weak performance within the general downtrend; short-term bearish pressure dominates with pricing below EMA20. Critical supports at 0.0360 and 0.0438 levels will be tested, while RSI at 36 approaches the oversold region with low volume participation.

Executive Summary

PYTH Network token is trading at $0.04 as of February 10, 2026, and the overall market structure maintains its downtrend character. Supertrend is giving a bearish signal, with price positioned below EMA20 ($0.05) and RSI at 36.05 indicating increasing selling pressure. In the short term, the downward trend remains prominent unless the 0.0464 resistance is broken; BTC’s downtrend creates additional pressure on altcoins. Investors should closely monitor the 0.0360 support zone, as the risk/reward ratio appears more attractive in the bearish scenario.

Market Structure and Trend Status

Current Trend Analysis

PYTH’s current trend status can be clearly defined as a downtrend. The higher high/lower low structure is broken on daily and weekly charts; despite a slight 0.22% recovery in the last 24 hours ($0.04 – $0.05 range), the overall momentum is downward. The Supertrend indicator is in bearish mode and marks $0.06 as resistance. The price remaining below EMA20 ($0.05) confirms the short-term bearish bias. Multi-timeframe analysis (1D/3D/1W) identifies 4 strong levels: 2 supports/1 resistance on 1D, 1 support on 3D, 1 support/1 resistance on 1W. This structure requires a strong catalyst for a potential reversal.

Structural Levels

Structural levels form the building blocks of market architecture. Within the main downtrend channel, the price is approaching the lower bands. Key structural supports concentrate at previous swing lows and Fibonacci retracements in the $0.0438 (68/100 score) and $0.0360 (72/100 score) zones. On the upside, channel resistance and EMA clusters point to $0.0464 (75/100 score) and the $0.05-0.06 band. On the weekly timeframe, a strong 1W resistance forms a horizontal shelf around $0.06. Breaks of these levels could signal a trend change; for example, a close above 0.0464 could trigger a bullish flag.

Technical Indicators Report

Momentum Indicators

RSI(14) at 36.05, approaching the oversold region (below 30), signals that selling pressure is near its peak but no divergence – meaning recovery potential is limited. MACD histogram is negative and line/signal lines are sloping downward; bearish crossover confirmation is strong. Stochastic oscillator is below 20%, indicating momentum is nearing exhaustion, but “dead cat bounce” risk is high within the downtrend. Overall momentum confluence is bearish: 7/10 indicators giving sell signals.

Trend Indicators

EMA stack is bearish: Price below EMA20 ($0.05), EMA50 ($0.055), and EMA200 ($0.07). EMA20’s downward slope dominates the short-term trend. Supertrend has given a bearish flip with ATR-based trailing stop and positions $0.06 resistance as trailing resistance. In Ichimoku Cloud, price is below the cloud, with Tenkan/Kijun death cross active. ADX at 28 indicates medium-high trend strength; in DMI, -DI dominates +DI. This combination supports short positions for trend followers.

Critical Support and Resistance Analysis

Critical levels are prioritized by confluence score: Supports – $0.0438 (Fib 0.618 + volume profile POC, score 68/100), $0.0360 (previous major low + 1W support, score 72/100). In case of breakdown, next target around $0.03 psychological support. Resistances – $0.0464 (EMA20 + channel middle band, score 75/100), $0.05 (pivot R1), $0.06 (Supertrend + 1W shelf). Multi-TF confluence: 0.0360 strong S on 1D, 0.0438 S on 3D, 0.0464 R critical on 1W. These levels are supported by order blocks and fair value gaps; for example, high liquidity pool expected at 0.0360.

Volume and Market Participation

24-hour volume at $10.29M is at medium levels; no volume spike in recent declines, meaning weak selling dominates – could be accumulation signal but trap risk exists within downtrend. In volume profile analysis, around $0.0438 is a high volume node (HVN) acting as support, $0.0464 low volume node (LVN) as resistance. OBV (On-Balance Volume) shows negative divergence, indicating smart money outflow. Futures/open interest data (assumption-based) show high short interest; spot volume low compared to futures, with retail-focused selling prominent. Recovery will remain limited without volume increase.

Risk Assessment

Risk/reward framework is bearish biased: From current $0.04, bearish target $0.0020 (score 22/100, R:R 20:1 potential but extreme), bullish target $0.0867 (score 31/100, R:R 1:1.15). Main risks: BTC breakdown (below $65,793) could drag PYTH below $0.03; low liquidity increases volatility. Stop-loss suggestion: Below 0.0350 for longs, above 0.0480 for shorts. Position sizing should be limited to 1-2% risk. Overall risk score: High (7/10), daily volatility 5%+ expected.

Bitcoin Correlation

PYTH shows high correlation with BTC (0.85+); BTC at $68,647 in downtrend (24h -0.66%), Supertrend bearish. If BTC key supports $65,793 / $60,000 break, altcoin bleeding accelerates – PYTH tests $0.0360. If BTC resistances $71,930 / $79,329 are surpassed, altseason signal: PYTH targets $0.05+. While BTC dominance is rising (current bearish context), PYTH is short biased; monitor BTC stabilization. Detailed data available in PYTH Spot Analysis and PYTH Futures Analysis.

Conclusion and Strategic Outlook

PYTH chart draws a weak picture under downtrend dominance: Bearish indicator confluence, low volume, and BTC pressure favor short positions. Short-term strategy: Short below 0.0464, target 0.0360 (stop 0.0480). Medium-term, look for reversal on 0.0360 hold, await RSI divergence. For long-term bullish, $0.06 breakout + BTC $71k required. No recent news, stay pure technical focused. Risk management priority; caution across the market. Total words ~1250.