The analyst discusses PYTHUSDT, noting a recent breakout from a trendline after a three-wave move downwards, indicating a potential third wave. The move upwards has reached the 138% extension, suggesting it may be a viable third wave. The analyst points out that the rallies have been corrective, forming a three-wave pattern upwards, but it could turn into a diagonal pattern if another higher low forms. The speaker notes that the third wave looks complete, and the market has possibly started its way to the fourth wave. The fifth wave might reach 0.30-0.33. The speaker mentions the target price to be 0.33, while, keeping a close eye on a potential B wave bounce between 0.205 and 0.24 to consider the support level, while it is important to note that the 0.146 price range has to hold, below this the bullish structure is starting to fail. The speaker mentions that the probabilities increase that the market will test the swing lows around 0.105 if the market breaks through 0.146.