Why PYTH crypto faces a crucial $0.10 test after 45% volume surge

Decentralized oracle network Pyth Network [PYTH] saw a 45% surge in the PYTH crypto token's daily trading volume as it registered a 7.3% rally in the past 24 hours. The altcoin has been trending higher since August, helped by a market-wide resurgence alongside a Bitcoin [BTC] recovery. Pyth Network dominates the RWA perpetual futures market tracking, pricing 90.29% of the September volume, down from 96.27% in August. The September perp report revealed market trends that revolved around holding more and trading less. Earlier in October, the network introduced the 100% rule. On the 8th of October, the network posted an update on X that read, Pyth DAO has committed 100% of the funds it receives from the Pyth products to accumulating PYTH in its reserve It is this mechanism that…

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