Why Is Pyth Network (PYTH) Price Surging 70% Today?

Key Notes

• The Bureau of Economic Analysis will distribute GDP and other macroeconomic indicators across nine major blockchains including Bitcoin and Ethereum.
• PYTH dramatically outperformed Chainlink’s 4% gain, reaching $1 billion market cap for the first time since May 2025.
• Technical analysis shows golden cross formation with RSI at 70.91, suggesting potential for further gains toward $0.21 resistance level.

After opening trading near $0.11, Pyth Network

PYTH
$0.22



24h volatility:
83.8%


Market cap:
$1.22 B



Vol. 24h:
$1.97 B

price surged almost 70% intraday on Thursday, Aug. 28, breaching the $0.19 level to hit $1 billion market capitalization for the first time since May.

The rally was triggered after the US Department of Commerce confirmed plans to publish official economic data through both Chainlink

LINK
$24.18



24h volatility:
1.1%


Market cap:
$16.39 B



Vol. 24h:
$2.66 B

and Pyth Network. The Bureau of Economic Analysis (BEA) will distribute macroeconomic indicators, including GDP, PCE Price Index, and Real Final Sales, across nine blockchains, including Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism.

While Chainlink’s LINK token gained just over 4% before encountering resistance at $25, PYTH dramatically outperformed with a 68% jump.

Notably, Mike Cahill, CEO of Pyth parent firm Douro Labs, was the only executive quoted in the official White House press release distributed via Bloomberg, signaling Pyth’s prominent role in the initiative.

Pyth Network, a decentralized oracle provider, supplies real-time financial data for blockchain applications. Its native token, PYTH, is used for governance and incentivizing data contributors.

Earlier this week, PYTH hit a monthly low of $0.10 on Aug. 26 according to CoinMarketCap data, meaning traders who bought that dip are now sitting on gains of nearly 95%. At press time, PYTH trades above $0.18 with intraday spot volume surging 330% to $884 million, signaling more upside potential.

PYTH Network Price Forecast: Can Bulls Hold Out For $0.20 Breakout?

Pyth Network’s 70% intraday price rally and overheating RSI reading confirm overheating market conditions. However, other key trading indicators suggest no signs of buyer fatigue have emerged yet.

First, the PYTHUSD chart below confirms a golden cross breakout, with the 5-day SMA flipping above the 8-day and 13-day moving averages in one session.

RSI stands at 70.91, indicating the market is approaching overbought territory. However, the sharp increase in spot volume, up more than 330%, suggests buyers are not yet showing fatigue.

If PYTH bulls hold out for a multi-day close above $0.18, it could provide a momentum boost to retest the next resistance levels at $0.21 and $0.24. A decisive close above $0.24 could open the door to testing $0.27 in the near term. On the downside, immediate support lies at $0.15, with stronger backing at $0.13 where 13-day and 8-day short-term moving averages converge.

SUBBD Presale Crosses $1M as Pyth Traders Book Profits

With Pyth Network’s rally generating nearly 100% profits for savvy traders this week, speculative capital could begin to flow into early-stage projects like SUBBD ($SUBBD), an AI-powered platform for content creators.

At the time of writing, SUBBD has raised $1.071 million of its $1.29 million cap, reflecting strong early adoption. Priced at $0.0563 per token, SUBBD aims to transform creator-fan engagement by leveraging AI-enhanced, tokenized interactions.

Its utility includes premium access to influencer-approved content, staking benefits tied to exclusive livestreams and behind-the-scenes features, discounts across platform subscriptions, and XP-based reward multipliers. Holders also gain priority access to beta launches and loyalty rewards that scale with engagement.

As traders rotate gains from volatile plays like PYTH into speculative presales, SUBBD is emerging as a high-upside bet. Investors can now secure early entry via the official SUBBD site before the presale closes.

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