PITH City to unlock a token of $ 333 million

The price on the topilo remained under pressure on Sunday such as countdown to high token unlocking.

PITH Network (Pith), Oracle protocol that connects market data owners to applications to multiple block blocks, traded $ 0.150, the lowest level of 9. May and 72% below its highest point in November last year.

The main catalyst for the PITH price will be a gift from a giant token scheduled 20. May. Toward CMC, The network will unlock tokens worth $ 333 million, or 58% of floats. These 5.66 billion tokens will be assigned to private sales, a prize publisher, growth of ecosystems and protocol development.

The PITH network has a maximum offer of 10 billion, and 36% are in circulation. After this unlock, the last two will happen in May 2026. and 2027. Years.

Token unlock is often seen as a negative catalyst for property, because it introduces new coins to the market. If the asset does not have a significant request for investors, it can press the price.

Pith Network is the third largest Oracle provider in the crypto industry, with a total value of $ 8.38 billion. Only LANK LANGA (Link) And a chronicle, who have $ 43 billion and $ 8.40 billion, are bigger.

PITH provides a number of services, such as feeds, random numbers for smart contracts and tools to remove mining extract values ​​(MEV). It is used by top players in decentralized finances, such as fireplace lending, essential, suilend and credentials Navi.

PITH network analysis

The daily shows that the pith price reached the peak $ 0.5540 in November last year, and then slammed at $ 0.1557. There was below the key level of support at 0.1697, the highest swing in March and the lowest point in February.

Token Pith still remains below the key point to 0.2210 dollars, the lowest level in August last year. He also crossed below the 50-day and 100-day exponential average average, while the relative strength index and other oscillators pointed down.

Outlook for Pith price is a bear. The next point to watch is $ 0,1042, its lowest level 7. April. The move above the resistance level to $ 0.200 will not undo the bear.