Recently, the PYTH/USDT trading pair has shown weakness, currently quoted at 0.1489 USDT, down 2.81% within 24 hours. As a member of the infrastructure zone, PYTH is in a critical position technically.

From the moving average system perspective, the short-term, medium-term, and long-term moving averages show a bearish arrangement, but the long-term moving averages are still providing support for the price. Specifically, the 7-day moving average is at 0.1560, the 25-day moving average is at 0.1585, and the 99-day moving average is at 0.1440. This arrangement suggests that there is still downward pressure in the short term, but the long-term trend has not fully turned bearish.

Currently, PYTH is facing multiple resistances. The first is yesterday's high of 0.1554, followed by the 7-day moving average of 0.1560, and finally the 25-day moving average of 0.1585. These three pressures form a quite obvious resistance zone. On the other hand, support levels are equally crucial. Yesterday's low of 0.1460 is seen as the recent lifeline, while the 99-day moving average of 0.1440 has become a stronger support level.

The MACD indicator shows that short-term momentum is relatively weak. The DIF value is 0.0007, the DEA value is 0.0042, and the MACD histogram is -0.0035, indicating that the current bearish momentum still prevails.

For trading strategies, conservative investors may consider waiting for the price to stabilize in the 0.1440-0.1460 range before gradually building their positions, while setting a stop-loss below 0.1400. For investors with a higher risk tolerance, if they see the price breaking through 0.1560 (7-day moving average) with increased trading volume, they may consider a small position to go long, with target prices set at 0.1600-0.1650.

It is worth noting that the current market trading volume is below the 5-day average (51.22 million), which indicates low market participation, so heavy positions are not recommended. Overall, the infrastructure zone is under pressure, and PYTH is at a critical position where both bullish and bearish forces are in fierce contention. Although the MACD is still negative, the DIF line shows signs of turning upward, and investors need to closely monitor whether a golden cross signal will form.

Finally, it is important to specifically remind that the PYTH price is at the end of a triangular consolidation pattern, and the direction of the breakout will largely determine the medium-term trend. Therefore, investors should be cautious of the potential risk of false breakouts and operate with care.