PYTH has mounted a good comeback, jumping more than 25% in the past 24 hours to change hands at around $0.1334. The comeback comes after weeks of heavy selling pressure that put the token at new local lows, but the traders have now got hope back.
So what is driving the dramatic turnaround? Two key developments are driving fresh momentum for the project, both pointing to PYTH growing influence beyond the crypto world.
The Kalshi Partnership: PYTH Steps Into Prediction Markets
The first big spark came from PYTH newly announced partnership with Kalshi, a regulated U.S. prediction market platform.
On October 13, PYTH revealed it will provide real-time price feeds for Kalshi’s event-driven markets, covering areas like elections, sports outcomes, and other global events.
This is a pretty big deal. Kalshi isn’t some small on-chain platform, it has over 850,000 registered users, meaning PYTH data feeds are now plugged into a massive audience that extends far beyond DeFi. That opens the door for new demand for the PYTH token, which plays a key role in governing and securing its data network.
More importantly, though, this partnership is a sign that PYTH’s reach is expanding. Coming on the heels of an already inked agreement with the U.S. Department of Commerce earlier this year, the Kalshi integration adds another layer of legitimacy to its push into non-crypto markets.
It’s the kind of development that reminds investors why PYTH has become one of the more serious players in blockchain-based data infrastructure.
PYTH Pro: Shaking Up the $50B Market Data Industry
The second major catalyst, and arguably the more revolutionary one, is the introduction of PYTH Pro, a new institutional data product that has the potential to disrupt the traditional market-data business.
Major players like Bloomberg and Refinitiv have dominated how financial institutions use real-time data for decades. It’s an expensive, fragmented system in which prices have risen by over 50% in the last three years. Pyth Pro flips that model on its head.
Now, banks, brokers, and trading firms can directly access real-time, cross-asset data through a single unified feed. PYTH Pro pulls from over 125 top institutions, including Cboe, Jane Street, Jump Trading, and Revolut, delivering 2,000+ data streams across stocks, crypto, FX, commodities, and more, all updating in milliseconds.
The new subscription model ($5,000 for crypto, $10,000 for cross-asset access) is also a bold move. It turns PYTH’s open network into a revenue-generating layer while offering faster, cheaper, and more transparent data access than the old guard. Simply put, this isn’t just a DeFi upgrade, it’s a direct challenge to the legacy data monopolies that have ruled for decades.
The Technical Picture: A Break of Structure After Capitulation
Looking at the 4-hour chart, PYTH just confirmed a break of structure (BOS) after a steep selloff that dragged prices below $0.10. The token had been trending lower for weeks, stuck below both the descending trendline and the 100-period simple moving average (SMA), a clear sign of bearish control.
But something shifted over the past day. After the capitulation wick that briefly pushed the token to extreme lows, PYTH bounced strongly, reclaiming short-term support and printing the first BOS in weeks. That’s often an early signal that momentum is changing hands from sellers to buyers.
If PYTH price manages to hold above $0.12 and eventually reclaim the SMA at $0.1479, it could confirm a deeper bullish reversal. Volume is also picking up, indicating traders are reacting to more than just technicals, the strong fundamentals are clearly fueling this recovery.
The Bottom Line
Between the Kalshi partnership and the Pyth Pro rollout, there’s real substance behind PYTH’s latest rally. The project isn’t just expanding within crypto, it’s positioning itself as a key infrastructure layer for global market data.
And with the charts finally flashing early reversal signs after a brutal downtrend, the market seems to be recognizing that shift. If momentum holds and adoption continues to grow, PYTH could be setting up for a stronger Q4 recovery story.