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PYTH price spikes by about 10% after breaking above $0.089 as Open Interest, Funding Rates and long positioning increase.
PYTH has rallied as trading volume surges significantly, with a rebound from the 20-day EMA fueling bullish momentum toward $0.089.
PYTH continued rising after Pyth DAO approved recurring token purchases funded by the income it receives from network products.
Pyth Network price surges 14% after its DAO approves using all eligible product revenue for PYTH buybacks, with traders watching $0.10.
The policy shift could enhance PYTH token value by increasing demand, but it limits flexibility and requires sustained revenue growth for impact.
