Pyth Network’s PYTH token experienced a 17.14% surge over a 24-hour period, reaching USD 0.0865, as its trading volume jumped 48.43% to USD 61.28 million. This upward movement followed a breakout above a price threshold that traders had been monitoring around USD 0.0632.
This rally also arrived shortly after Pyth revealed plans to distribute Nasdaq Basic market data. While the price and volume metrics indicate heightened trading activity during the surge, they do not clarify the extent to which the Nasdaq announcement or other events drove the gains.
PYTH Breaks Above Resistance as Volume Rises
PYTH climbed past USD 0.0632, a barrier identified by trader WhaleFactor as resistance. It subsequently pushed above USD 0.0800, shifting market attention to whether buyers can sustain the token above that threshold following the steep climb.
Over the 24-hour window, trading volume hit USD 0.0867 in a separate market observation, marking a 16.68% increase at that moment. This minor variance stems from the timing of the two assessments. The price advance was matched by heavier trading volume, though these metrics alone cannot guarantee ongoing demand.
Technical indicators highlighted the speed of the rally. PYTH traded above its hourly 20-period moving average—positioned around USD 0.0800—and its 50-period average near USD 0.0755. Meanwhile, its relative strength index hit 73.36, a level frequently linked by traders to an overbought market. While such a reading can point to a potential pause or correction, it does not forecast the exact timing of either event.
NASDAQ Basic Joins Pyth’s Data Marketplace
On September 22, Pyth announced it had been approved to distribute Nasdaq Basic. This offering delivers real-time trade data and quotes for U.S. equities. Pyth stated that the feed would be made available via its Data Marketplace, which bridges data providers and financial applications.
While this integration broadens the selection of market data accessible through Pyth, users wishing to access the Nasdaq Basic feed must first secure written authorization from Nasdaq. Furthermore, the announcement omitted any figures regarding new users or revenue generated by the distribution partnership.
Pyth’s upward trajectory also came on the heels of competing oracle provider Switchboard concluding support for its services on September 25. Developers previously relying on those tools may seek alternative price data sources, making Pyth a potential choice, though no confirmed migration metrics connect Switchboard’s shutdown to PYTH’s 24-hour price appreciation. Additionally, a reported increase in the Altcoin Season Index over the preceding week offers broader market background for the price action.
Traders Watch USD 0.0800 and Gate’s October Deadline
The initial price mark to monitor is USD 0.0800, situated close to PYTH’s hourly 20-period moving average, with an additional support level resting near USD 0.0797. Market analysis indicates that a drop below USD 0.0750 could bring the USD 0.0650 region into focus.
Looking upward, traders have pointed to USD 0.0948 as a potential resistance ceiling. These figures represent conditional price markers rather than definitive predictions, and PYTH must hold its recent advances before challenging higher levels.
Meanwhile, Gate has reported plans to terminate its PYTH staking product on October 8, 2026, and automatically settle any remaining positions. This notification applies specifically to Gate’s staking offering, and traders will keep an eye on this date alongside PYTH’s ongoing price and volume trends.
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