Why is Pyth price down 11.3% today?

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Pyth slides 11.35% to $0.0784 today

Highlights

The Pyth DAO approved the 100% Rule to allocate all product revenue to monthly PYTH token purchases for the DAO reserve.
Pyth Network reported Q3 2026 revenue of $11.49 million, up 86.5% year-over-year, alongside increased buybacks.
PYTH/USD trades in a bullish structure with robust buying interest, but overbought signals suggest risk of short-term consolidation between $0.0682 and $0.0894.

DAO revenue allocation and quarterly growth underpin sustained buybacks

The Pyth DAO approved proposal OP-PIP-136, or the '100% Rule,' on October 8, 2026, allocating all product revenue to monthly PYTH token purchases for the DAO reserve. In Q3 2026, Pyth Network reported an 86.5% increase in revenue year-over-year, reaching $11.49 million. These developments occurred alongside increased buybacks, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, sees clear risk as PYTH failed to hold gains despite strong Q3 revenue growth and aggressive DAO buybacks. He notes the price drop occurred alongside overbought technicals, signaling exhaustion among buyers. Kharitonov is skeptical about the sustainability of the current bullish alignment with volatility running high and downside gaps appearing. He warns that persistent selling may invalidate the supportive structure if $0.078 fails. "Short-term rebound is possible, but I do not see compelling evidence that sellers have lost control yet."

Viktoras Karapetjanc, expert at Traders Union, highlights the constructive impact of the Pyth DAO’s 100% revenue allocation and robust 86.5% annual growth. He believes the long-term outlook benefits from repeated buybacks, reinforcing demand and aligning incentives for stability. Karapetjanc sees current consolidation as a platform for further expansion if reserves keep growing. "Bullish structure remains intact — continued revenue strength and buybacks offer opportunities for further growth around these levels."

Jainam Mehta, market strategist, notes that PYTH trades above all major moving averages, keeping the technical trend positive. He cautions that overbought oscillators may signal a period of range-bound trading or a brief pullback. Mehta sees tactical opportunities if price breaks above $0.0894 or drops toward $0.078 for a reversal play. "Momentum remains robust, but traders should watch for volatility-driven entries at key support or resistance."

Overbought momentum risks stall despite bullish technical alignment

PYTH/USD is trading above all major moving averages: the 20-day ($0.0774), the 50-day ($0.0635), and the 200-day ($0.0479), confirming a bullish alignment for short-, medium-, and long-term trends. Ichimoku Kijun support holds at $0.0718, with near-term levels identified at $0.0883 (resistance) and $0.078 (support). Momentum indicators are robust, as MACD and ADX signal sustained buying interest, while RSI at 64.84, Stochastic RSI at 58.14, and CCI at 120.76 all point to overbought conditions. The Bull/Bear Power (BBP) at 0.0129 confirms intraday buying dominance, with a neutral Awesome Oscillator. Trading near the session low, volatility is high at 13.21%, and the session showed a downside gap of 7.81%. While momentum and oscillators support bullish sentiment, overbought signals suggest a risk of sideways consolidation or a short-term pullback.

Previously it was reported that Pyth Network faced mixed technical signals and heightened market indecision as ongoing sell pressure weighed on price action despite structural changes to token economics. The current analysis strengthens the outlook with confirmations of bullish trend alignment across all major moving averages, highlighting $0.0894 as a pivotal resistance level for any sustained upside breakout in the sessions ahead.

Source of Data: PYTH Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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