Pyth Network (PYTH) price looks to rise 30% as long-term fundamentals upgrade strengthens

the pyth network price It rose for the second week in a row, bearing significant downward pressure. In the past 24 hours, the price has risen by almost 7%, recording weekly gains of more than 20%. Thus, the symbol has reached a crucial resistance level within a bearish pattern, and breaking it may start the price in a new upward trend. Adding to the optimism, Pyth’s recently announced core upgrade offers a sustainable revenue model through paid Oracle services, strengthening the protocol’s long-term fundamentals.

However, the real test lies before the next resistance area, as a breakout could lead to a 30% move towards the border of the descending channel.

Upgrading Pyth Core strengthens long-term fundamentals

The Pyth Network recently unveiled a core upgrade, marking one of the most significant developments for the protocol since its launch. The upgrade moves Pyth from a heavily powered oracle network to a more sustainable infrastructure model by offering paid oracle subscriptions for applications that consume its price feeds.

In addition to creating a recurring revenue stream, the upgrade also improves data delivery through lower latency, higher reliability, and broader market coverage. Revenue generated from these services will flow into the PYTH reserve, enhancing the long-term sustainability of the network while aligning incentives for future ecosystem growth.

As demand for high-frequency price feeds continues to expand across DeFi, perpetual trading platforms, and real-world asset tokenization, the fundamental upgrade positions Pyth to benefit from increased adoption while cementing its role as one of the leading oracle infrastructure providers.

PYTH attempts a trend reversal above a critical support level

PYTH price is up nearly 20% over the past week, rebounding from the lower end of its long-term downward channel after defending support at $0.038. The recovery pushed the token to around $0.047, where it is now testing the intermediate resistance of the channel. A decisive break above $0.05 could open the doors to a larger upward move of ~30% to levels near $0.065 and confirm the shift in market structure.

With the latest rally, the price is entering the crucial supply zone where sellers remained aggressive during the previous attempt and pulled the levels down by more than 50%. At the same time, the weekly RSI is increasing, which keeps bullish hopes alive as it indicates that buyers are gradually regaining control. On the other hand, derivatives markets are also reflecting improved sentiment.

Open interest has risen to over $90 million, its highest level in several months, while token trading continues to rise. This combination suggests new capital is entering the market rather than the rally being driven solely by short covering, raising the possibility of a sustained move if buyers succeed in reclaiming the $0.050 resistance.

Key price levels to watch

• Resistance 1: $0.050
• Resistance 2: $0.062 – $0.065
• Support 1: $0.040
• Support 2: $0.030
• Upside target: ~30% upside towards $0.062-$0.065

Can PYTH price break the downtrend?

The Pyth Network has begun to align its technical and fundamental outlook after months of sustained weakness. While the fundamental upgrade bolsters the protocol’s long-term growth potential through a sustainable revenue model, the recent increase in market participation suggests that traders are also gearing up for a bigger rebound. A successful break above $0.050 could accelerate buying momentum towards the upper border of the descending channel near $0.062-$0.065. Until then, current resistance remains the key level that will determine whether PYTH can go from a recovery to a confirmed bullish reversal.

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