PYTH price has made a comeback after a volatile week. The token is changing hands at a 7.78% premium over yesterday at $0.1624, despite being down 18.04% over the last 7 days. Its market cap has climbed to $934.87 million, with trading volume soaring 97.18% to $207.36 million. This sharp recovery is tied to both strong fundamentals and technical signals, making PYTH one of the more closely watched tokens this week.
The price surge is not only technical but also backed by fundamentals. The U.S. Department of Commerce’s August 2025 decision to use Pyth Network for on-chain GDP and economic data distribution has added major credibility to the project.
On the utility side, Pyth has integrated with platforms like RHEA Finance, strengthening its role in the DeFi markets. By disrupting the $50B+ institutional market data industry, Pyth is positioning itself as a dominant player. Its Total Value Secured has crossed $20B in 2025, now securing about 60% of DeFi derivatives markets, which speaks to its growing adoption.
The recovery gained traction after PYTH reclaimed the 61.8% Fibonacci retracement level at $0.1621 on September 5. However, momentum remains mixed. The MACD histogram sits at -0.000994, hinting at limited short-term strength.
On the technical side, the Pyth token price faces immediate resistance at $0.1652, with stronger resistance at $0.1856. A breakout above this zone could fuel a push toward the $0.20 psychological mark. On the downside, support lies at $0.1469, while the 50-day SMA at $0.1393 continues to provide mid-term bullish structure.
The rebound is fueled by reclaiming the key $0.1621 Fibonacci level and strong institutional adoption following the U.S. Commerce Department’s announcement.
The resistance sits at $0.1652 and $0.1856, while support is at $0.1469 with the 50-day SMA at $0.1393.
If PYTH holds above $0.16 and breaks $0.1856, upside looks sustainable given rising utility, integrations, and institutional demand.
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