Pyth Network is experiencing significant bearish pressure as its price has plummeted over 66% from its yearly high. Analysts are now warning of a potential ‘death cross’ formation, which historically indicates further downside risks. As of May 21, Pyth was trading around $0, drawing attention to its precarious position in the market.

This situation serves as a warning for investors, highlighting the importance of closely monitoring technical indicators. With market sentiment shifting, it is crucial for traders to navigate this tumultuous landscape with caution, as potential further declines loom.