PYTH price surges 20% following resistance breakout

PYTH has experienced a significant price surge, rising nearly 20% intraday after breaking above the $0.08148 resistance level. This movement is reportedly supported by investor sentiment following the release of an ‘RWA Perp Report’.

Technical indicators suggest a bullish outlook, including a golden cross formed between the 50-day and 200-day exponential moving average (EMA) bands in September. If the token maintains its position above the $0.08–$0.10 zone, analysts identify potential upward targets at $0.13021, $0.15, and $0.23.

However, market volatility remains a risk. If PYTH fails to sustain its position above the $0.08 support level, it could face a bearish reversal toward the 200-day EMA near $0.05589 or lower support levels between $0.03 and $0.05.