The price of Pyth Network (PYTH) is expected to drop to 0.1 USD as a large token unlock approaches, releasing 2.13 billion PYTH tokens this Tuesday. This unlock, comprising 58.7% of its market cap, could dramatically increase market supply and exacerbate selling pressure.
Currently, PYTH has experienced a drop to 0.135 USD, reflecting 13% losses. Increased open interest and a rise in trading volume to 82 million USD may indicate growing interest, even as bearish signals dominate trading indicators like the SuperTrend and MACD.
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