Pyth Network（Pyth）的价格从其年度高下降了66％以上，技术指向进一步的缺点

截至5月21日（亚洲时间）下午，Pyth（Pyth）的交易约为0.124美元，过去24小时下降了约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已从其年度高66％下滑动超过66％，而且技术指标表明，在接下来的几周内，该令牌可能会继续下降。

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（亚洲时间）下午，Pyth的交易约为0.124美元，在过去的24小时内下降了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.

最新的价格幻灯片是在5月20日预定的代币解锁之后，该公司在流通中释放了约21.3亿只PYTH，当时价值为2.7511亿美元。

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年度归属周期的一部分的解锁占当时循环供应的58.7％，并分发给了早期的投资者，贡献者和生态系统参与者。

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.

活动结束后，Pyth的循环供应已飙升至近57.5亿个令牌，约占其最高供应量的约57.5％，最高为100亿。通过这种解锁，现在总供应量的大约36％在主动循环中。最后两个解锁定于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.

大型解锁通常会使投资者感到不安，因为他们在不匹配需求的情况下注入了大量的新令牌。这种不平衡会对价格下降压力。

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

此外，虽然并非所有收件人都立即出售其代币，但许多人倾向于尽早出售，预计价格会有所下降。

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.

同时，解锁通常是项目长期路线图的一部分，以更广泛地分配所有权并奖励早期贡献者在项目成功中的作用。它们通常在开发周期中标记关键里程碑。

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.

由于Pyth的解锁时间表已提前公开披露，因此某些影响可能已经纳入了令牌的价格，可能会降低急剧，恐慌驱动的抛售的风险。

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.

由于死亡交叉模式接近4小时/USDT图表，因此Pyth价格将在接下来的几周内继续下降。

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

当200天和50天的指数移动平均相互交叉时，两者仍在向下指向时，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网络的情况下，在过去的几个月中，两个移动平均值之间的传播狭窄。它的200天MA为0.1552美元，而50天为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%.

随着时间的流逝，死亡十字架通常会导致大幅下降。例如，Pyth价格上次形成这种模式是去年12月，硬币下降了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，超级趋势指示器还闪烁了红色信号，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.

如果验证死亡十字架，Pyth可能会在短期内继续落下，而0.10美元是下一个关键水平，则可以将其视为4月11日的心理支持，也是其最低点。

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.

也就是说，Pyth的相对强度指数目前位于30岁，就在超售区。当买家希望购买蘸酱时，这可能会引发短期救济集会，但是除非更广泛的趋势发生变化，否则任何恢复都可能是暂时的。