PYTH Price Rallies 9% on Weak Volume, Breakout Attempt Fades
Photo: ETHNews
PYTH failed for the second time to hold above the $0.088 to $0.091 resistance zone. The daily rally came on volume far below the late-August breakout. Pyth priced 94.4% of all RWA perpetual futures volume in Q3, though its share slipped in September. The new “100% Rule” sends all DAO revenue to monthly PYTH buybacks, but the tokens are held rather than burned. Pyth Network’s PYTH token rose 9.42% in 24 hours to about $0.0845, a market value near $665 million, on the same day Pyth published data showing its feeds priced $2.04 trillion of the $2.16 trillion traded in…
Source: ETHNews
