Pi Network (Pi), Cetus Protocol (CETUS), and Optimism (OP) are facing challenges this week as they prepare to unlock new tokens into circulation.
Pi Network's (Pi) price has declined by 50% in the last 90 days, currently trading at $0.77 with bearish flag pattern indicating a potential drop to $0.5545 due to upcoming token unlocks.
Optimism (OP) is trading at $0.77, down 57% from its year-to-date high, forming a bearish pattern indicating a possible drop to $0.60 as $23.4 million unlocks this week.
Cetus Protocol (CETUS) is struggling in the market, declining by 7% in the last 24 hours and 29% in the last seven days, with investors cautious after recent hacker activity freezing $162 million in funds.