Pyth Network’s PYTH token surged 7.3% in 24 hours, with a 45% increase in daily trading volume and a 13% rise in open interest. The crypto has surpassed the 23.6% Fibonacci retracement level at $0.081 but is now facing a long-term supply zone at $0.10 on the weekly chart. The 20- and 50-week Moving Averages are about to form a bullish crossover, which could support a continuation of the move. Bitcoin recovery and a market-wide resurgence since August have supported this upward trend, but renewed demand will be needed to break through the $0.10 level.
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