Pyth Network(Pyth) on May 19, 2.13 billion units, Optimism(OP) will open 31.34 million Coin on May 31. These key openings have the potential to increase the circulating supply of both Altcoin to the circulating supply and create a great supply shock in the market. According to experts, the PYTH of 358 million dollars and $ 23.94 million Op Coin lock openings are under pressure. As a matter of fact, PYTH’s open interest rates fall by 50 percent, while Short positions on the OP side are increasing rapidly. On the technical side, PYTH is struggling to protect $ 0.12 dollars, while one -day closing over $ 0.215 may refresh confidence. OP is at the risk of hanging below $ 0.50 if it cannot hold on the $ 0,545–0.60 band. In short, unless the volume increases and critical resistors are passed, the dominant tendency is downward in both Altcoin.
Sales pressure increases in Pyth Coin before the lock opening
Pyth Coin He has fallen hard since the $ 0.55 upper hill, which he reached in December 2024, and is currently finding a buyer around $ 0.139. ON-BALANCE VOLUME The indicator shows that the purchase appetite is weak by remaining below the previous peak level. Although Chaikin Money Flow It remains in a slightly positive area and gives a limited capital inflow signal. The $ 0.12 dollar line stands out as critical support, while the $ 0.215 level represents the level of 23.6 percent fibonacci and the first threshold to change the direction of the market. Overcoming resistance can lead to the upward response by causing the jam of short positions. Otherwise, six of $ 0.10 can be discussed in the scenario.
In the derivative market, a cautious air prevails. Coinglass According to data, the total open interest rate, which approached $ 80 million in December 2024, fell to a band of 40-50 million dollars today. Although investors seem to have fell temporarily as the volatility seems to have fell temporarily as the coin lock opening, a sudden jump in volume is expected. Historical data show that the price of compulsory liquidations can suppress the price once again if strong sellers consider the new supply opportunity to sell.
The bells also play for altcoin optimism
Optimism fell step by step to $ 0.632 after $ 2,773, which is the December 2024 summit, and is still under all basic expanding moving averages. Daily Rsi As the indicator approaches the excessive sale limit by decreasing to the level of 36, Chaikin Money Flow –0,04 indicates that the capital output continues. Technically 0,545–0.60 dollars band is the last castle. If this area is lost, the psychological $ 0.50 threshold can be tested. The first upward power sign will be a permanent turn on the $ 1,071 (23.6 percent Fibonacci level) and the recovery of the $ 1.4.
Table on the derivative façade for Altcoin is more aggressive. Open interest rates from $ 350 million to 150–180 million dollars, but in recent days, especially in short positions there is a significant increase. Although the intensification of the Long liquids confirms the control of the seller, the same accumulation increases the likelihood of a positive news flow.
Experts investors both PYTH and OP COINIt is recommended to manage the risks by limiting position sizes and leverage rates until the key opening in the key.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
