If you want to invest in or buy the Pyth Network token and wonder what the right price to start accumulating Pyth Network is, then you are in the right place. As we go through the analysis, we will determine different patterns and how Pyth Network reacts to them. We will also see support and resistance, a good area for any instrument to buy or sell. Without further delay, let’s dive into PYTH price analysis and explore different opportunities.
PYTH Price Analysis of August 29, 2025
On August 29, 2025, PYTH posted a highly volatile trading session, first marking the low of the day at $0.1724 before establishing support at $0.1750. Price momentum then shifted upward, breaking out of a range at 05:00 IST with support from a golden crossover of MACD, surging to mark the daily high at $0.2500. After this rally, PYTH entered a downward channel, which later broke upward at 10:05 IST, only to form successive ranges and an expanding triangle. With resistance near $0.3000 and support near $0.1700, the next decisive breakout will determine whether bullish or bearish momentum prevails.
Chart 1: PYTH/USDT M5 Chart, Analysed by Vallijat007, published on TradingView, August 29, 2025
The PYTH price marked the low for the day at $0.1724. Price formed a support area at the level of $0.1750. Price spiked to the upside and formed a range. The range broke out to the upside at 05:00 IST, supported by a golden crossover of MACD, with price spiking to the upside and marking the high for the day at $0.2500.
After marking the high for the day, the price formed a downward-moving channel. The channel broke out to the upside at 10:05 IST, supported by a golden crossover of MACD, and formed a range. The range broke out to the downside at 12:05 IST, supported by a death crossover of MACD, and another range developed.
The new range broke out to the upside at 02:50 IST, supported by a golden crossover of MACD, and formed an expanding triangle pattern. If the expanding triangle breaks out to the upside, the PYTH price may rise to the level of $0.3000. If the expanding triangle breaks out to the downside, the PYTH price may drop to the level of $0.1700.
US Commerce Department Adopts Blockchain for Economic Data Delivery
This is a groundbreaking move by the US Department of Commerce, which declared its intention to release GDP data as Pyth and Chainlink oracles in nine blockchains. It is the first time that a federal agency relies on blockchain technology to publish official economic data, which raises Pyth to a respected data infrastructure provider suitable for institutional users. This advancement confirms the quality of the data delivery offered by Pyth of the institutional grade, which may lead to increased demand for PYTH tokens as a result of higher incentives to stake and incentives to pay data fees. The relocation also becomes an opportunity to enter more government contracts that would help to diversify and increase revenue streams of Pyth, increasing the long-term growth potential of the project. It will be important to track adoption performance indicators like total value locked (TVL) and staking activity to understand achievement after this integration.
Technical momentum is inconsistent; PYTH has been overbought and has bullish divergence, indicating short-term price volatility of PYTH, which may lead to higher gains should key resistance zones be broken. Moreover, the internationalization of Pyth into Asian markets by providing real-time Hong Kong equity data enhances its applications outside of crypto, which, in turn, brings institutional capital flows and creates spikes in trading volumes. This unique mix of government support, technical action, and practical usefulness of data enhances the outlook of Pyth in spite of the technical warning signs. It is important to keep track of major Fibonacci support levels and post-integration staking trends to determine the sustainability of the rally.
Government Adoption Boosts PYTH’s Institutional Value
The U.S. Department of Commerce’s decision to distribute GDP data through Pyth and Chainlink oracles is a milestone for blockchain adoption and a major validation for PYTH. By serving as a trusted data provider across nine blockchains, Pyth enhances its reputation as institutional-grade infrastructure, opening the door to increased staking demand, data fee growth, and future government contracts. Combined with expansion into Asian markets and strong technical momentum, PYTH is well-positioned for broader adoption. However, overbought signals and sharp volatility suggest near-term caution. Sustaining support above $0.1700 is key, while a breakout above $0.3000 could fuel the next bullish leg.
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