Deep Dive
1. Airdrop Backlash (Bearish Impact)
Overview: Users criticized Bless Network’s Season 0 airdrop allocations, claiming discrepancies between expected and actual $BLESS rewards. One user reported receiving 1K tokens vs. an expected 151K based on their 17,802 TIME points (Cryptowithkhan).
What this means: The backlash highlights governance risks in projects tied to TIME’s ecosystem. Reduced trust in fair token distribution could deter participation in future network incentives, weakening demand for TIME as a governance/utility token.
What to look out for: Official response from Bless Network’s team and adjustments to allocation formulas.
2. Technical Resistance (Mixed Impact)
Overview: TIME faces resistance near $12.03 (78.6% Fibonacci retracement level). The MACD histogram (-0.017) confirms bearish momentum, while the RSI (45.8) suggests no immediate oversold conditions.
What this means: Traders likely sold near the $12.03 pivot point, a critical level since August 2025. A sustained break below the 7-day EMA ($11.54) could signal further downside toward $10.95 (June 2025 low).
Key threshold: Watch $11.44 (7-day SMA) – a close below may accelerate selling.
3. Liquidity Constraints (Bearish Impact)
Overview: TIME was delisted from Gate.io’s Pilot Market in May 2025 alongside 82 other tokens, reducing accessible liquidity. The token’s 24h turnover ratio (0.131) remains below average for mid-cap alts.
What this means: Thin order books amplify volatility during sell-offs. Delistings historically correlate with prolonged negative sentiment, as seen in TIME’s 18.55% 30-day decline.
Conclusion
TIME’s drop reflects project-specific risks (airdrop friction, liquidity erosion) outweighing neutral market conditions. While technicals show no capitulation yet, weakened community trust and thin markets heighten downside exposure.
Key watch: Can TIME stabilize above $11.44 to avoid retesting yearly lows? Monitor Bless Network’s damage-control efforts and exchange volume trends.