PYTH Volume Climbs 45% as Token Faces $0.10 Weekly Resistance

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.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.