PYTH gained more than 16% on Oct. 16, trading near $0.094 at the time of reporting, as Pyth Network's latest artificial intelligence market data release drew attention from traders. The move left the token just below the psychological $0.10 resistance level — a round-number price point that traders tend to watch — and extended a monthly gain exceeding 40%, according to recent market data.

The rally followed the Oct. 15 launch of Pyth Pro MCP Server 1.1, an upgrade that uses the Model Context Protocol (MCP) — a standard for connecting AI applications to external tools and data sources — to link AI agents directly with financial markets and to expand data access for automated research applications. Pyth Network announced the release on its official blog () and highlighted it in a post on X (https://x.com/PythNetwork/status/2110732663334301939). Pyth's earlier approval as a Nasdaq Basic market data distributor and its token buyback policy also remain relevant developments, although the available evidence does not establish that any single announcement caused the rally.

New Tools Bring Market Data to AI Agents

The platform provides price information spanning cryptocurrencies, foreign exchange, stocks, metals, interest rates and net asset values. Two new capabilities anchor the 1.1 release.

The first, get_price_range, enables agents to retrieve all price updates available in the last 60 seconds. With the feature, users can study how markets react when a company reports earnings, when central banks make announcements, or around other financial news events.

A second feature, get_symbols, lets users discover the available market feeds and confirm whether a given feed is included in their subscription before requesting it. Agents can also ask for familiar trading pairs such as BTC/USD without having to search for full identifiers.

The release arrives as financial firms bolster their AI systems to power automated research and market monitoring, and as market-data providers build infrastructure that serves AI-driven workflows alongside human traders. Google's recent enterprise AI efforts have likewise been directed toward integrating AI models with business applications and structured data.

Nasdaq Basic Distribution Approval

Pyth Network's October rally follows its approval as an external distributor of Nasdaq Basic market data. The agreement allows Pyth to distribute real-time U.S. equity quotes and trading information through its Data Marketplace.

Nasdaq Basic includes top-of-book prices, trade information and reference prices for.S.-listed securities. However, customers must obtain Nasdaq licensing and written approval before accessing the licensed data.

Pyth reported annual recurring revenue of $11.5 million in September, alongside more than 3,811 available Pro symbols. Its Terminal platform also reached 129,265 monthly active users during the September reporting period. Future reporting periods will offer a way to gauge whether the AI-oriented tooling expands that usage.

The expansion follows rising interest in tokenized stock trading platforms, where reliable equity prices and market information are essential. Pyth's marketplace also serves as an additional avenue for licensed financial data across both blockchain and traditional applications.

Technical Analysis: Can Bulls Target $0.20?

PYTH extended its October recovery after trading near $0.08 earlier in the week, with buyers pushing prices toward $0.095. The token is now testing the upper boundary of a descending channel that has controlled trading since 2024, and the recent recovery has brought prices into the $0.09–$0.10 resistance area.

A sustained breakout above $0.10 could open the next resistance zone between $0.12 and $0.15. On the larger chart, the $0.2008 level stands out as a possible resistance area should buyers remain active.

The breakout, however, is not confirmed until prices establish support above the descending resistance line. Failure to hold the recovery would refocus attention on the $0.07 to $0.08 support zone.

Token Buyback Policy in Focus

Beyond the technical setup, Pyth Network's token buyback policy offers another development for investors to monitor. Under its 100 Rule, detailed by the Pyth DAO (), 100% of eligible product revenue is allocated to purchasing PYTH tokens. The network confirmed that its reserve already held 41 million PYTH when the policy was announced.

Shifts in the reserve balance from that initial 41 million PYTH will provide a tangible way to observe the policy in practice as products generate revenue. The policy links revenue from Pyth's products to demand for its native token. Even so, PYTH's near-term price direction will still depend on buying activity and on whether the token can sustain a breakout above $0.10.

This article is for informational purposes only and does not constitute financial or investment advice.