PYTH Network Explodes 12% as Bulls Break Key Resistance, Is $0.250 Next?

• PYTH price is making a powerful comeback after a major correction. 

• PYTH price surged by 12% in the last 24 hours, and the daily trading volume surged by almost 97% suggesting buying momentum.

Pyth Network (PYTH) is proving to be very resilient as it makes a strong recovery after a major correction phase. The cryptocurrency has passed the major resistance levels and is currently trading above both the critical moving averages, which has indicated a possible reversal of the trend that has attracted the attention of traders.

The price movement shows that PYTH is trading at a high of $0.17847, which is a significant improvement compared to its lows of about $0.09 in June. This notable rally has thrust the token well above the 50-day EMA at $0.14304 and the 200-day EMA at $0.16288, a technical feat that has frequently signalled the start of a long-term uptrend. That PYTH is currently trading above these key moving averages indicates that the bearish trend that prevailed in the first half of 2025 might be subsiding.

As per CMC data, the market momentum seems to be picking up, and recent statistics indicate that PYTH has soared 12% in the past 24 hours, and the daily trading volume has shot up by a staggering 97%. This volume spike is especially important since it proves that there is real purchasing interest as opposed to a technical recovery, which is a strong basis on which the price can be recovered.

What Next For PYTH Price?

The technical indicators give an ever-bullish outlook over various periods. The MACD indicator has entered the positive range at 0.01027, and the signal line is moving upwards, indicating further buying pressure. In the meantime, the RSI value of 58.96 shows healthy bullish action and is still far below the overbought levels, allowing additional upside action.

The sentiment indicator, too, has become strongly positive at 0.00215, indicating increased optimism by the market participants. This change in market mood, coupled with the technical breakout over major moving averages, makes the argument of further upward movement a strong one.

In the short term, the nearest objective seems to be the $0.250 resistance point, which is about 40% higher than the present prices. The high volume, favourable technical signs, and a better market sentiment indicate that PYTH can be able to gain the momentum to achieve this high target.

The recent breakout above the 200-day EMA is also notable because this is usually a major psychological line. As PYTH now trades above this key resistance-turned-support, the way to higher prices seems even more evident, and this is a development of interest to both technical and fundamental investors.

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