TLDR
- Pyth Network launched Pyth Indices for 24/7 market pricing.
- The indices cover U.S. equities, gold, silver, WTI, and Brent oil.
- Coinbase, Kraken, dYdX, and Nado are early adopters of the feeds.
- PYTH traded near $0.0356, up about 14.84% for the session.
- PYTH faces key resistance near the $0.038 to $0.040 range.
Pyth Network launched Pyth Indices, a 24/7 pricing and index product suite covering U.S. equities, metals, oil and thematic market baskets. The launch gives exchanges and trading platforms continuous reference prices for assets that traditionally follow market-hour trading schedules.
Coinbase, Kraken, dYdX, and Nado are among the first platforms adopting the new feeds. The release comes as PYTH traded near $0.03538 to $0.0356, rising about 14.84% to 15.22% over 24 hours after rebounding from an intraday low near $0.03122.
What are Pyth Indices and why do they matter for 24/7 markets?
Pyth Indices provide around-the-clock pricing for assets such as U.S. stocks, gold, silver, WTI oil, and Brent crude. The product is designed to support continuous trading and derivatives markets where reference prices are needed outside traditional market hours.
The initial offering includes major U.S. equities such as NVDA, TSLA, AAPL, MSFT, GOOGL, INTC, HOOD, MSTR, and CRCL. It also covers gold, silver, WTI, Brent, and thematic baskets including AI10, Defense10, China10, and Tech100.
Pyth said the product aggregates liquidity from on-chain and off-chain venues. The aim is to create price feeds that reflect trading activity across a wider range of markets as demand grows for always-on equities, commodities, and index products.
Douro Labs Chief Executive Officer Mike Cahill, a Pyth contributor, said traditional data feeds were built for markets that stopped at the closing bell. He said Pyth Indices reflect a market structure where “market close” no longer ends trading activity.
How are Coinbase, Kraken and dYdX using Pyth’s new feeds?
Coinbase, Kraken, and dYdX are among the early adopters using Pyth Indices for continuous pricing infrastructure. The feeds can support perpetual contracts and other products tied to assets that do not trade continuously in traditional venues.
Coinbase derivatives head Boris Ilyevsky said institutional-grade 24/7 markets are becoming a standard expectation. He said continuous pricing across equities and commodities is becoming more important as always-on trading develops.
Kraken derivatives executive John Palmer said the feeds address a core issue for perpetual contracts by providing uninterrupted reference prices. He said oil perpetuals allow traders to access commodity exposure through the same environment used for digital assets and other markets.
The launch follows earlier work with Blue Ocean ATS to extend U.S. equity pricing to 24/5 coverage. Pyth’s latest product expands that effort by adding wider asset coverage and a structure aimed at round-the-clock derivatives markets.
PYTH price forecast after the 15% rally
PYTH’s short-term price forecast depends on whether the token can reclaim the $0.038 to $0.040 resistance zone. The token rose more than 14% after bouncing from support near $0.031 to $0.032, but the broader chart still shows a weak structure after months of lower highs.
PYTH recently broke below the $0.038 to $0.040 area, which now acts as the first resistance level. A daily close above $0.040 would suggest buyers are attempting to reclaim the breakdown zone.
If PYTH moves above $0.040, the next resistance area sits near $0.045. A stronger supply zone remains around $0.050 to $0.055, where sellers may become active again.
Source: TradingView
On the downside, immediate support remains near $0.031 to $0.032. If that area fails, $0.030 becomes the next psychological support. A move below $0.030 would keep the larger downtrend in place.
Momentum has improved but remains incomplete. The RSI recovered to 43.67, above its moving average near 36.22, showing stronger short-term activity after oversold conditions. However, RSI remains below 50, meaning buyers have not yet confirmed a full momentum shift.
The MACD remains slightly bearish, with the MACD line near minus 0.0035 and the signal line near minus 0.0033. Downside momentum appears to be fading, but a bullish crossover would be needed to support a stronger recovery attempt
