Pyth Network Faces $333M Token Unlock—Will Oracle’s Price Hold?
Pyth Network’s token unlock looms—a $333 million test for the oracle’s market stability. Traders brace as 1.5B PYTH hits circulating supply.
• The unlock dilemma: Liquidity surge or sell-off tsunami?
• Pyth’s track record: Can the oracle defy typical unlock volatility?
• Market makers circle—ready to profit from retail’s predictable panic.
Another day, another crypto project betting the farm on ’this time is different.’ Spoiler: Wall Street’s algorithms are already positioned to front-run the chaos.
Pyth Network price analysis
The daily chart shows that the PYTH price peaked at $0.5540 in November last year and then plunged to $0.1557. It has dropped below the key support level at $0.1697, the highest swing in March and the lowest point in February.
PYTH token remains below the key point at $0.2210, the lowest level in August last year. It has also moved below the 50-day and 100-day Exponential Moving Averages, while the Relative Strength Index and other oscillators have pointed downwards.
The outlook for the PYTH price is bearish. The next point to watch is $0.1042, its lowest level on April 7. A MOVE above the resistance level at $0.2090 will invalidate the bearish outlook.
