Pyth rallies while upward price move attracts continued buyer interest

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Pyth jumps 8.03% today to $0.0667

Highlights

Pyth Network annual recurring revenue reached $13.67 million in October, indicating sustained business expansion and higher core earnings.
Growth in revenue is attributed to rising adoption of its services, supporting increased token demand and greater appeal for long-term investors.
PYTH/USD remains in a bullish trend across all timeframes with a predicted 1 to 2 day trading range of $0.0649 to $0.0717 and a 78% probability of further upside, though short-term oscillators warn of potential overheating.

Recurring revenue growth lifts investor sentiment amid rising token demand

Pyth Network’s October report, as released by the company, indicates its annual recurring revenue (ARR) has climbed to $13.67 million, marking a month-over-month advance. This improvement in ARR points to a strengthening core business and increases the project’s fundamental appeal, especially as higher recurring revenues boost investor confidence around sustainability and potential future growth. The notable rise is attributed to expanding use of Pyth Network’s services, supporting the recent surge in demand for the token.

Bull momentum persists as overbought signals raise correction risk

On the H1 chart, PYTH trades above both the MA-20 and MA-50, while also remaining comfortably above the MA-200 on the daily timeframe. The Ichimoku Kijun level at $0.0636 is acting as immediate support. Among indicators, MACD and Awesome Oscillator confirm the latest upward movement, but ADX signals trend strength is neutral. Both RSI and Stoch RSI remain in neutral zones, while CCI has reached the overbought range, flagging a risk of short-term overheating. Bull/Bear Power stays positive, suggesting buyers have intraday control, though oscillator divergence introduces potential for a near-term correction.

Directional bias favors upside as volatility shapes trading range

In the short term, the expected trading range for PYTH over the next one to two sessions is $0.0649 to $0.0717, which aligns with its typical volatility band relative to current levels. There is a 78% probability of a continued upward move, while the chance of a downside retracement stands at 22%. The baseline case is for sideways consolidation within this band. Should the price break above the upper boundary, further gains could accelerate, but a drop below immediate support at $0.0636 may trigger a deeper pullback.

Anton Kharitonov, expert at Traders Union, views the recent growth in Pyth Network’s annual recurring revenue as a positive, but not decisive, sign. He notes that PYTH's price is technically strong above support, though short-term indicators hint at potential overheating. Kharitonov remains wary given the neutral trend readings and risk of a pullback. "Base case is for sideways action unless $0.0636 fails — I stay cautious here."

Earlier, analysts noted that Pyth was demonstrating sustained strength supported by rising recurring revenue and expanding user adoption. The current analysis reinforces this positive outlook, with an upward bias prevailing and immediate attention warranted at the $0.0636 support level in the event of heightened volatility.

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.