The price of PYTH is witnessing a strong comeback after a significant correction.
The price of PYTH has increased by 12% in the last twenty-four hours, and the daily trading volume has increased by nearly 97%, indicating buying momentum.
The PYTH network has proven its high resilience, achieving a strong recovery after a major correction. The cryptocurrency has surpassed key resistance levels and is currently trading above the main moving averages, indicating a potential trend reversal that has attracted the attention of traders.
The price movement shows that PYTH is trading at its highest level of $0.17847, a significant improvement compared to its lowest level of around $0.09 in June. This notable rise has pushed the currency above the 50-day exponential moving average at $0.14304 and the 200-day exponential moving average at $0.16288, which is a technical achievement that consistently indicates the start of a long-term upward trend. Trading PYTH currently above these key moving averages suggests that the downward trend that prevailed in the first half of 2025 may be waning.
According to CMC data, market momentum seems to be increasing, and recent statistics indicate that PYTH has risen by 12% over the past twenty-four hours, with daily trading volume skyrocketing by an astonishing 97%. This significant increase in trading volume is particularly important as it demonstrates genuine buying interest, not just a technical bounce, which represents a strong foundation for price recovery.
What’s next for the price of PYTH?
Technical indicators suggest ongoing bullish expectations over various time frames. The MACD indicator has entered a positive range at 0.01027, and the signal line is moving upward, indicating further buying pressure. At the same time, the Relative Strength Index (RSI) value of 58.96 shows a strong upward trend and is still well below overbought levels, allowing for further increases.
As for the sentiment indicator, it has become strongly positive at 0.00215, indicating increasing optimism among market participants. This change in market mood, along with the technical breakout above key moving averages, makes the likelihood of continued upward movement strong.
In the short term, it seems that the closest target is the resistance level of $0.250, which is about 40% higher than current prices. The high trading volume, positive technical indicators, and improved market sentiment suggest that PYTH is capable of gaining the necessary momentum to achieve this high target.
The recent breakout above the 200-day exponential moving average is also notable, as it is often a key psychological line. With PYTH now trading above the main resistance level that has turned into support, the path to higher prices appears clearer, which is an interesting development for both technical and fundamental investors alike.
