Pyth Network（Pyth）的價格從其年度高下降了66％以上，技術指向進一步的缺點

截至5月21日（亞洲時間）下午，Pyth（Pyth）的交易約為0.124美元，過去24小時下降了約3％。

Pyth Network’s native token, PYTH, has slid more than 66% from its yearly high, and technical indicators suggest that the token could continue to fall in the coming weeks.

Pyth Network的本地令牌Pyth已從其年度高66％下滑動超過66％，而且技術指標表明，在接下來的幾週內，該令牌可能會繼續下降。

As of the afternoon on Monday, May 21 (Asia time), PYTH was trading around $0.124, registering a 3% decline over the past 24 hours.

截至5月21日星期一（亞洲時間）下午，Pyth的交易約為0.124美元，在過去的24小時內下降了3％。

The latest price slide follows a scheduled token unlock on May 20, which released approximately 2.13 billion PYTH into circulation, valued at $275.11 million at the time.

最新的價格幻燈片是在5月20日預定的代幣解鎖之後，該公司在流通中釋放了約21.3億隻PYTH，當時價值為2.7511億美元。

The unlock, part of Pyth’s annual vesting cycle, constituted 58.7% of the circulating supply at the time and was distributed to early investors, contributors, and ecosystem participants.

Pyth年度歸屬週期的一部分的解鎖佔當時循環供應的58.7％，並分發給了早期的投資者，貢獻者和生態系統參與者。

Following the event, Pyth’s circulating supply has surged to nearly 5.75 billion tokens, roughly 57.5% of its maximum supply, which is capped at 10 billion. With this unlock, approximately 36% of the total supply is now in active circulation. The final two unlocks are scheduled for May 2026 and May 2027.

活動結束後，Pyth的循環供應已飆升至近57.5億個令牌，約佔其最高供應量的約57.5％，最高為100億。通過這種解鎖，現在總供應量的大約36％在主動循環中。最後兩個解鎖定於2026年5月和2027年5月。

Large unlocks often unsettle investors, as they inject a significant volume of new tokens into the market without a matching rise in demand. This imbalance can exert downward pressure on prices.

大型解鎖通常會使投資者感到不安，因為他們在不匹配需求的情況下注入了大量的新令牌。這種不平衡會對價格下降壓力。

Moreover, while not all recipients sell their tokens immediately, many tend to sell early, anticipating further price declines.

此外，雖然並非所有收件人都立即出售其代幣，但許多人傾向於儘早出售，預計價格會有所下降。

At the same time, unlocks are often part of a project’s long-term roadmap to distribute ownership more broadly and reward early contributors for their role in the project’s success. They usually mark key milestones in the development cycle.

同時，解鎖通常是項目長期路線圖的一部分，以更廣泛地分配所有權並獎勵早期貢獻者在項目成功中的作用。它們通常在開發週期中標記關鍵里程碑。

Since Pyth’s unlock schedule was publicly disclosed well in advance, some of the impact may have already been factored into the token’s price, potentially reducing the risk of a sharp, panic-driven selloff.

由於Pyth的解鎖時間表已提前公開披露，因此某些影響可能已經納入了令牌的價格，可能會降低急劇，恐慌驅動的拋售的風險。

PYTH price eyes drop to $0.10 support level

Pyth Price Eyes降至0.10美元的支持水平

There is a risk that the PYTH price will continue downward in the next few weeks as a death cross pattern nears on the 4-hour/USDT chart.

由於死亡交叉模式接近4小時/USDT圖表，因此Pyth價格將在接下來的幾週內繼續下降。

A death cross forms when the 200-day and 50-day Exponential Moving Averages cross each other while both are still pointing downwards.

當200天和50天的指數移動平均相互交叉時，兩者仍在向下指向時，死亡交叉形成。

In Pyth Network’s case, the spread between the two moving averages has narrowed in the past few months. Its 200-day MA was at $0.1552, while the 50-day was at $0.1589.

在Pyth網絡的情況下，在過去的幾個月中，兩個移動平均值之間的傳播狹窄。它的200天MA為0.1552美元，而50天為0.1589美元。

A death cross often leads to a substantial decline over time. For example, the last time that PYTH price formed this pattern was in December last year, and the coin dropped by over 76%.

隨著時間的流逝，死亡十字架通常會導致大幅下降。例如，Pyth價格上次形成這種模式是去年12月，硬幣下降了76％以上。

On top of that, the Supertrend indicator has also flashed a red signal, adding to the bearish outlook.

最重要的是，超級趨勢指示器還閃爍了紅色信號，增加了看跌前景。

If the death cross is validated, PYTH could continue falling in the near term, with $0.10 being the next key level to watch as both a psychological support and its lowest point from April 11.

如果驗證死亡十字架，Pyth可能會在短期內繼續落下，而0.10美元是下一個關鍵水平，則可以將其視為4月11日的心理支持，也是其最低點。

That said, PYTH’s Relative Strength Index is currently sitting at 30, which is right at the oversold zone. This might trigger a short-term relief rally as buyers look to buy the dip, but any recovery could be temporary unless the broader trend shifts.

也就是說，Pyth的相對強度指數目前位於30歲，就在超售區。當買家希望購買蘸醬時，這可能會引發短期救濟集會，但是除非更廣泛的趨勢發生變化，否則任何恢復都可能是暫時的。