SWEAT has been caught in a long-term downtrend, signaling unrelenting selling pressure in the market. But that's not all—there's more turbulence on the horizon. In approximately 20 hours, another 4M worth of SWEAT tokens will be unlocked.
While the exact allocation is unclear, this development could mirror the pattern we observed between December 2022 and January 2023. In that period, the token experienced a brief price recovery, only to descend once more.
Caution: If you're contemplating shorting SWEAT, it might be wise to avoid high leverage. The volatility around token unlocks could easily lead to position closures, leaving you on the sidelines as the downtrend continues.