I’ve been looking at PYTH after its recent 11% rally, and one level has caught my attention: $0.089.
On October 9, $PYTH climbed above $0.080, with trading activity increasing sharply. What interests me most is that this move came alongside a rebound from its 20-day EMA, suggesting buyers were stepping back in. But I want to see whether they can maintain that pressure.
There’s another development I’m keeping in mind. On October 8, Pyth Network announced that 100% of the revenue received by its DAO from Pyth products would go toward accumulating PYTH in its reserve. I see this as an important change because it connects product revenue more directly to token purchases. The actual buying demand will still depend on how much revenue the DAO receives.
Looking at the chart setup reported on October 9, $0.089 is the next resistance level I would watch. If PYTH holds above its recent breakout area and buying volume remains strong, another attempt at that level becomes possible.
What could change my view? A decline in volume, renewed selling pressure, or a loss of short-term support. An 11% move can attract fresh buyers, but it can also encourage early holders to take profits.
I’m interested in whether PYTH can turn this momentum into sustained strength. For me, the next move matters less than the price action that supports it.
On October 9, $PYTH climbed above $0.080, with trading activity increasing sharply. What interests me most is that this move came alongside a rebound from its 20-day EMA, suggesting buyers were stepping back in. But I want to see whether they can maintain that pressure.
There’s another development I’m keeping in mind. On October 8, Pyth Network announced that 100% of the revenue received by its DAO from Pyth products would go toward accumulating PYTH in its reserve. I see this as an important change because it connects product revenue more directly to token purchases. The actual buying demand will still depend on how much revenue the DAO receives.
Looking at the chart setup reported on October 9, $0.089 is the next resistance level I would watch. If PYTH holds above its recent breakout area and buying volume remains strong, another attempt at that level becomes possible.
What could change my view? A decline in volume, renewed selling pressure, or a loss of short-term support. An 11% move can attract fresh buyers, but it can also encourage early holders to take profits.
I’m interested in whether PYTH can turn this momentum into sustained strength. For me, the next move matters less than the price action that supports it.