Add as a preferred source on GooglePYTH Volume Climbs 45% as Token Faces $0.10 Weekly Resistance
PYTH gained 7.3% in 24 hours, while open interest rose 13%; short-term chart signals were bullish even as the weekly swing structure remained bearish.
Pyth Network’s PYTH token gained 7.3% in the 24 hours through 9:48 a.m. ET Oct. 16 (13:48 UTC), while daily trading volume rose 45% and the weekly chart showed a long-term resistance zone near $0.10.
The token had recently moved above $0.081, the 23.6% Fibonacci retracement level on the weekly chart. The same chart placed $0.10 in a former demand zone from June 2025 that has since become a supply area. Open interest rose 13% over the 24-hour period.
Signals differed across time frames. The weekly swing structure remained bearish, and Chaikin Money Flow and Accumulation/Distribution indicators had retreated toward neutral after heavy trading volume in mid-August. The 20- and 50-week moving averages were nearing a bullish crossover.
On the four-hour chart, moving averages and price structure pointed to a bullish short-term bias.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.