{"id":293,"date":"2025-05-21T09:57:00","date_gmt":"2025-05-21T09:57:00","guid":{"rendered":"https:\/\/bitunikey.com\/news\/pyth-crypto-could-crash-as-potential-death-cross-looms\/"},"modified":"2025-05-21T09:57:01","modified_gmt":"2025-05-21T09:57:01","slug":"pyth-crypto-could-crash-as-potential-death-cross-looms","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/pyth-crypto-could-crash-as-potential-death-cross-looms\/","title":{"rendered":"PYTH crypto could crash as potential death cross looms"},"content":{"rendered":"
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Pyth Network\u2019s price has dropped over 66% from its yearly high, and technicals point to a further downside.<\/p>\n

As of the afternoon on May 21 (Asia time), Pyth (PYTH) was trading around $0.124, down about 3% in the past 24 hours. That\u2019s its lowest point since April 11. The token\u2019s market cap currently sits just above $22.7 billion.<\/p>\n

The latest slide follows a scheduled token unlock on May 20, which released approximately 2.13 billion PYTH into circulation, valued at $275.11 million.\u00a0<\/p>\n

The unlock, part of Pyth\u2019s annual vesting cycle, represented 58.7% of the circulating supply at the time and was distributed to early investors, contributors, and ecosystem participants.<\/p>\n

Following the event, Pyth\u2019s circulating supply has surged to nearly 5.75 billion tokens, around 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.<\/p>\n

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Large unlocks like this often unsettle investors, as they inject a significant volume of new tokens into the market without a matching rise in demand. That imbalance can lead to downward price pressure. Even if not all recipients offload immediately, many tend to sell early, anticipating further declines.<\/p>\n

At the same time, unlocks are often part of a project\u2019s long-term roadmap to distribute ownership more broadly and reward early contributors. They usually mark key milestones in the development cycle.<\/p>\n

Since Pyth\u2019s unlock schedule was publicly disclosed well in advance, some of the impact may have already been factored in, potentially reducing the risk of a sharp, panic-driven selloff.<\/p>\n

PYTH eyes drop to $0.10 support level<\/h2>\n

Although PYTH price has recovered slightly since the unlock event, 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.<\/p>\n

A death cross forms when the 200-day and 50-day Exponential Moving Averages cross each other while pointing downwards.\u00a0<\/p>\n

<\/source><\/p>\n<\/picture>
PYTH price, 50-day and 200-day EMA chart \u2014 May 21 | Source: crypto.news<\/figcaption><\/figure>\n

In Pyth Network\u2019s case, the spread between the two moving averages has narrowed in the past few months. Its 200-day MA\u00a0 was at $0.1552, while the 50-day was at $0.1589.\u00a0<\/p>\n

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%.<\/p>\n

<\/source>
\n\"PYTH\n<\/picture>
PYTH Supertrend and RSI chart \u2014 May 21 | Source: crypto.news<\/figcaption><\/figure>\n

On top of that, the Supertrend indicator has also flashed a red signal, adding to the bearish outlook.<\/p>\n

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.<\/p>\n

That said, PYTH\u2019s Relative Strength Index is currently sitting at 30, which is right near 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.<\/p>\n

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\n Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. <\/p>\n<\/p><\/div>\n

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Pyth Network\u2019s price has dropped over 66% from its yearly high, and technicals point to a further downside. As of the afternoon on May 21 (Asia time), Pyth (PYTH) was…<\/p>\n","protected":false},"author":1,"featured_media":294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=293"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/293\/revisions"}],"predecessor-version":[{"id":295,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/293\/revisions\/295"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/294"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}