The Blast airdrop, which launched on Wednesday, has been the talk of the town. With 17 billion tokens in its initial phase and an opening price of approximately $0.02000, the token saw a 40% spike, reaching a peak of $0.02800 before experiencing a slight pullback.

Over the past three days, Blast's price has declined by around 28%, finding support near the opening price of $0.020000. However, the 15-minute chart reveals a falling wedge pattern, suggesting a potential bullish reversal signal.

Interestingly, the Blast token has seen significant long and short liquidations, with $90.48K in long liquidations and $21.70K in short liquidations in the last two days. This suggests that there is a strong buying interest at lower price levels.

According to Coingabbar's analysis, a breach above the falling wedge pattern could indicate the end of the pullback and potentially signal a rally towards the record high of $0.028000. On the other hand, a drop below $0.20000 could suggest bearish momentum continuation, with the price retracing towards its all-time low.

As with any investment, it's crucial to consider the risks and do your own research before making a decision. However, with the current market conditions and the potential for a bullish reversal, now might be the perfect time to explore the Blast airdrop as a promising investment opportunity.