According to @CryptoCoinCoach, PYTH is moving inside a descending channel and steadily grinding lower while respecting the channel structure, source: @CryptoCoinCoach on X (Nov 17, 2025). In classical technical analysis, a descending channel maintains a bearish bias until a decisive breakout above the upper boundary, while failures at channel resistance often lead to continuation lower, source: Edwards and Magee, Technical Analysis of Stock Trends. For trade execution, the setup favors monitoring the upper channel resistance for rejection or breakout confirmation and the lower channel support for potential acceleration on breakdown, with risk managed around the channel lines, source: @CryptoCoinCoach on X; classical technical analysis principles.