Pyth Network’s native token, PYTH, rallied 17.14% over 24 hours to reach $0.0865, with trading volume jumping 48.43% to $61.28 million. The move came after PYTH broke through a closely watched resistance level and followed the network’s recent announcement that it will distribute Nasdaq Basic market data.
The price surge pushed PYTH to intraday levels above $0.08, drawing attention to whether buyers can hold the token above that psychological mark. The rally also comes as Gate prepares to remove its PYTH staking product on October 8, 2026.
PYTH Breaks Above Key Resistance
Trader WhaleFactor had identified $0.0632 as a level to watch, and PYTH’s breakout above it triggered renewed buying. From there, the token moved past $0.0800, a level that now serves as immediate support alongside the 20-period hourly moving average near $0.0800 and the 50-period hourly moving average near $0.0755.
Technical indicators suggest the rally was sharp. The relative strength index hit 73.36, which traders often view as overbought. That reading may signal a pause or pullback, though it does not predict the timing of any correction.
Nasdaq Basic Data Adds New Use Case
On September 22, Pyth announced that it had been approved as an external distributor of Nasdaq Basic, a product that delivers real-time quotes and trade data for U.S. equities. The data feed will be offered through Pyth’s Data Marketplace, which connects data providers with financial applications.
The move expands the range of market data accessible through Pyth. However, customers who want the Nasdaq Basic feed must obtain prior written approval from Nasdaq. The announcement did not disclose expected customer numbers or projected revenue from the distribution deal.
Pyth’s rally also followed the end of support for Switchboard’s services on September 25. Developers relying on Switchboard’s oracle services may seek alternative price data providers, and Pyth is one possible option. Still, no verified migration data ties Switchboard’s shutdown directly to PYTH’s 24-hour price gain. A reported increase in the Altcoin Season Index over the past week adds broader market context.
Key Levels to Watch and Gate’s October Deadline
Traders are monitoring several price levels:
- Immediate support: $0.0800, near PYTH’s hourly 20-period moving average
- Secondary support: $0.0797
- Deeper support: $0.0750, with $0.0650 coming into view below that
- Upside resistance: $0.0948
These levels are conditional and not forecasts. PYTH will need to maintain its recent gains before testing higher prices.
Gate has confirmed that it will remove its PYTH staking product on October 8, 2026, and automatically redeem any remaining positions. The notice applies specifically to Gate’s staking product, and traders will be watching that date alongside PYTH’s price action and trading volume.