🪂 $Sight Airdrop Just Landed – What’s Next? 👀
$Sight has just gone live after the airdrop, and the chart tells a familiar story. A massive initial dump (-80%+) shows heavy sell pressure from early airdrop receivers taking quick profits. This is very typical behavior for newly launched airdrop tokens.
📉 Short-term view:
- Strong selling momentum right after listing
- Volume is declining → selling pressure may be cooling down
- Price is currently trying to stabilize near the lows
📊 What to watch next:
If price holds this base and volume slowly returns, a short-term rebound is possible
A breakdown below current support could lead to further price discovery
Any bounce without volume = likely a dead cat bounce
🧠 Strategy:
This is a high-risk, high-volatility phase. Not ideal for FOMO entries. Best approach is to wait for:
- Clear consolidation
- Volume confirmation
- Or a confirmed reversal structure
Airdrop tokens often need time before showing their real direction. Patience > emotions.
#SIGHT #Airdrop #Crypto #Altcoins #Binance
