After breaking through the $0.08148 resistance level in the market, PYTH saw a gain of nearly 20%.

The golden cross formed in September has supported a bullish outlook, with $0.13021 being seen as the next resistance target.

If it falls below $0.08148, PYTH could potentially drop to $0.05589 and $0.03703.

This upward movement has brought PYTH to a critical technical node. If buyers can hold this regained price level, the next major resistance level will be at $0.13021. However, if they cannot stabilize above $0.08148, this bullish pattern may quickly evolve into another false breakout.

PYTH Price Breakout Allows Bulls to Regain the Initiative

However, a strong single-day performance does not necessarily mean that the upward trend will continue. Traders need to see that PYTH maintains its position above the resistance level in order to consider this breakthrough as a credible bullish signal.

The golden cross adds weight to the bullish pattern.

The technical outlook for PYTH also favors the bulls. In September, this token formed a golden cross between its 50-day and 200-day exponential moving averages ( EMA ).

This cross-reinforces the bullish logic, especially after the price has broken through the resistance level. If the momentum continues and $0.08148 becomes a support level, PYTH could continue to rebound to $0.13021.

Will a fake breakout cause PYTH to fall further?

There is another side to this transaction. If PYTH is unable to remain above $0.08148, the credibility of that breakthrough will decline, and the sellers may regain control.

The first level to pay attention to is the 0.05589 USD level near the 200-day EMA. If the selling pressure further intensifies, the token could slide towards the support level of 0.03703 USD.

These price levels outline the risks for later buyers. A bullish crossover is certainly helpful, but if demand weakens, it cannot prevent a price reversal.

PYTH Price faces a test of success or failure

Currently, the price of PYTH is supported by momentum, and the catalyst factors for RWA Perp Report mentioned in reports, as well as the golden cross in September, have also provided support. If it can continue to hold above $0.08148, it may create room to move towards $0.13021; if there is a decline, then $0.05589 and $0.03703 will once again come into focus.

The next step depends on confirmation. The bulls need to hold onto this breakthrough; otherwise, today's excitement may fade just as quickly as it came.