Protocol revenue surge sees Pyth price supported by increasing trading activity

Traders Union
All News
Crypto
Pyth jumps 7.06% today to $0.0928

Highlights

Pyth Network added 59 new indices offering continuous 24/7 pricing, expanding trading opportunities and potentially increasing platform liquidity.
Protocol trading volume nearly quadrupled its 30-day average, with token-linked revenue attracting more activity and capital.
PYTH/USD shows strong long-term bullish signals with upward momentum, trading in a projected range of $0.0872 to $0.0984 with a high probability of an upside move.

Rising liquidity and trader focus as new indices debut

Pyth Network has expanded its platform with the launch of 59 new indices providing continuous 24/7 market pricing, a move that enables more diverse trading strategies and may drive a substantial increase in platform liquidity, according to Coinfomania. The rollout is supported by a significant surge in protocol trading volume, nearly quadrupling the 30-day average as token-linked revenue draws additional activity and capital into the ecosystem. Additionally, the release of the Pro MCP Server 1.1 update enhances AI agents' market data access, further improving the platform's appeal to algorithmic and high-frequency traders, as reported by Bitcoinhaber.

Momentum mixed as buyers confront volatility and profit-taking

PYTH is trading below the MA-20 at $0.093 yet remains above the MA-50 at $0.0876 and stands securely above the long-term MA-200 at $0.0486. The Ichimoku Kijun sits at $0.0908, acting as an immediate support level. MACD and ADX are both showing buy signals, with Bull/Bear Power also indicating buyer dominance. RSI reads 59.24, while Stochastic RSI also signals a buying bias; CCI remains neutral, reflecting some uncertainty about the duration of upward momentum. Price action has encountered high volatility, and the daily advance created a gap of $0.0067, with the session closing near intraday lows, hinting at ongoing profit-taking and potential divergence between momentum signals and spot price.

Price consolidation likely as upside breakout probability increases

In the short term, the expected trading range is between $0.0872 and $0.0984, with the probability of an upward move described as very high and only a very low chance of a move lower. The baseline scenario is for the price to consolidate within these key levels. A bullish case would require PYTH to break above the upper resistance, while a bearish scenario would be triggered if support at $0.0908 is breached.

Viktoras Karapetjanc, expert at Traders Union, sees strong fundamental momentum building for Pyth after its major platform expansion and improved tech stack. He believes growing trading activity and rapid protocol revenue point to rising confidence in the project. The underlying sentiment remains positive as volume surges and new indices broaden the ecosystem’s appeal. Karapetjanc maintains a bullish tactical outlook while closely watching for price stability above key support levels. "As long as demand stays robust and innovation continues, I expect Pyth to lead with further upside in the coming sessions."

Earlier, analysts noted that PYTH's sustained buybacks and robust revenue growth were reinforcing a bullish outlook for the asset. The latest platform upgrades and liquidity surge add a new dimension to the story, with traders now watching for a confirmed breakout above $0.0984 to signal renewed upside momentum.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.