Pyth Network PYTH Token Surges 17% on Nasdaq Data and Staking Exit
Pyth Network (PYTH)
Editor:
Eugene Serbin
analyticsinsight.net reports that Pyth Network’s PYTH token climbed 17.14% in 24 hours to USD 0.0865, accompanied by a 48.43% increase in trading volume to USD 61.28 million. This rally followed a breakout above the USD 0.0632 resistance level identified by trader WhaleFactor and occurred shortly after Pyth announced its approval as an external distributor of Nasdaq Basic market data. The price action pushed PYTH above USD 0.0800, where it traded near its hourly 20-period moving average, while the relative strength index reached 73.36, suggesting an overbought condition.
Technical indicators also showed the token trading above its 50-period average near USD 0.0755. The move coincided with the end of support for rival oracle provider Switchboard’s services on September 25, though no verified migration total links that closure to the price gain. Traders are now monitoring USD 0.0800 as a key level, with USD 0.0948 identified as the next potential resistance.
A fall below USD 0.0750 could expose the USD 0.650 area, while the USD 0.0797 level serves as immediate support. Gate has announced it will remove its PYTH staking product on October 8, 2026, automatically redeeming remaining positions. The broader market context includes a reported rise in the Altcoin Season Index over the past week.
How the market reacted
Whalio's own Binance spot order flow for PYTH, measured when this story was written up on 27 September 2026. Not the outlet's figures.
Whalio’s Binance spot data shows PYTH trading at $0.08110, with the 1-hour buy ratio at 45.7% and the 4-hour buy ratio at 45.4%, both below the 24-hour buy ratio of 50.2%. This divergence suggests that short-term buying pressure is fading relative to the longer daily trend. The 1-hour volume delta is negative at -$19,853, and the 4-hour delta is -$144,799, indicating net selling in the immediate and medium term. However, the 24-hour volume delta remains positive at +$17,514, showing that net buying has occurred over the full day despite recent outflows. The cumulative volume delta (CVD) at the 24-hour close is -$39,619, and net buying occurred in only 8 of the last 24 hours. Spot volume for the period was $5,981,839 across 60,826 trades.
The latest daily buy ratio of 52.9% sits at the 87th percentile of the last 322 days, against a median of 49.5% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for PYTH, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 49.7%, making the latest day’s performance only 0.5 points higher than the average. Volume was 1.09 times the weekly average, indicating slightly elevated activity compared to the norm. Price increased by 32.7% over the 8-day period, while the total volume delta for those days was -$529,565. This means that despite the significant price rise, net selling pressure exceeded net buying over the week. Compared to the 24-hour readings, the weekly data shows a more sustained but net-negative flow environment despite the price appreciation.