SWEAT Token Dynamics and Market Trend
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.
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.