PYTH has surged 30% from its all-time low of $0.08 in June, with trading volume soaring by 200%.
Technical indicators and rising open interest suggest bullish potential for the altcoin.
Despite recent volatility, Pyth Network's oracle protocol has strengthened its market position.
Pyth Network is one of the biggest gainers among today's top 100 cryptocurrencies by market capitalization, with PYTH rising 6% in the last 24 hours, surging above $0.10.
With Arbitrum leading the charge with a 21% surge, PYTH has also risen 30% from its recent all-time low of $0.08, and it is poised to bounce back on a significant 200% increase in trading volume.
While the price is still down 5% over the past month, PYTH's recent gains, including a 20% increase over the past week, indicate growing bullish sentiment.
Pyth Network prices surged, with daily trading volume increasing by 200%.
The price of PYTH experienced significant volatility in June, plummeting from a high of over $0.13 to a low of $0.08.
This marked the lowest price level for an Ethereum scaling solution, and the drop reflected the turbulent state of the overall cryptocurrency market.
However, the token has since rebounded sharply, rising 30% from its low on June 22, 2025, and over 20% in the past 7 days.
As of June 30, 2025, when this was written, PYTH was trading at approximately $0.10, having touched a high of $0.11.
This occurred amid a 200% surge in trading volume, reaching $81 million as the price rose from the low of $0.97 to the intraday high.
The surge in trading volume accompanying the price increase indicates strong trader participation and increasing liquidity in the market.
Primarily, it enhances PYTH's appeal as a key player in the decentralized finance (DeFi) ecosystem.
What's next for PYTH pricing?
Pyth Network is helping to bring TradFi's most traded assets, including leading ETFs, onto the blockchain, and open interest is also increasing. Data shows that open interest has increased by 17% to $50 million, while derivatives trading volume has grown by 206% to over $116 million.
Broader market trajectories, including potential catalysts such as Bitcoin's performance, will also influence Pyth's path.
With Pyth Network's Express Relay upgrade facilitating cross-chain price feeds and supporting millions of daily trades, the protocol's fundamentals remain strong.
As can be seen from the charts, technical indicators support upside potential for Pyth.
On the daily chart, the token is trading above its 50-day simple moving average, while the Relative Strength Index (RSI) remains near neutral territory.
While there has been a slight dip, this suggests that bulls have room to grow, and there is no immediate risk of overbought conditions.
The moving average convergence divergence indicator also highlights bullish sentiment, and a break above $0.13 could see buyers attempt to push the price up to $0.20.
However, resistance at $0.11 remains, and failure to break through this level could lead to a retest of support near $0.08.
