coinjournal.net
- PYTH surges 30% from June’s all-time low of $0.08, 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 strengthens its market position.
Pyth Network is among the top gainers in the 100 largest cryptocurrencies by market cap today, with PYTH up 6% in 24 hours amid a spike above $0.10.
As Arbitrum leads with a 21% surge, PYTH, which is also up 30% from its recently hit all-time low of $0.08, is looking to rally amid a notable 200% spike in trading volume.
While the price remains 5% down over the past month, PYTH’s recent gains, including a 20% increase in the past week, signal growing bullish sentiment.
Pyth Network price up amid 200% jump in daily volume
PYTH price endured significant volatility in June, plummeting from highs above $0.13 to a low of $0.08.
This marked the Ethereum scaling solution’s lowest price level, with the dip mirroring turbulent conditions across the cryptocurrency market.
However, the token has since rebounded impressively, gaining 30% from its June 22, 2025 low and rising over 20% in the past seven days.
As of writing on June 30, 2025, PYTH trades at around $0.10, having touched highs of $0.11.
This comes amid a 200% surge in trading volume, with $81 million traded as the price moved from lows of $0.97 to its intraday highs.
In the market, such a volume spike on rising prices indicates robust trader engagement and growing liquidity.
Mainly, it reinforces PYTH’s appeal as a key player in the decentralised finance (DeFi) ecosystem.
What’s next for PYTH price?
The Pyth Network, which has helped bring TradFi’s most traded assets on-chain, including leading ETFs, is also seeing rising open interest. Data shows a 17% to $50 million in open interest, while derivatives volume is up 206% to over $116 million.
The broader market’s trajectory, including potential catalysts like Bitcoin’s performance, will also influence PYTH’s path.
With Pyth Network’s Express Relay upgrade facilitating cross-chain price feeds and supporting millions in daily volume, the protocol’s fundamentals remain strong.
A look at the charts shows technical indicators support an upside for PYTH.
On the daily chart, the token is trading above the 50-day simple moving average, while the Relative Strength Index (RSI) remains near the neutral zone.
While it’s slightly dipped, it suggests bulls have room for growth without immediate overbought risks.
The Moving Average Convergence Divergence indicator also highlights bullish sentiment, with a breakout above $0.13 likely to see buyers attempt a surge to $0.20.
However, resistance at $0.11 remains and failure to break this could lead to a retest of support around $0.08.