Price is already going down steadily because a lot of people got the airdrop (including me, but i only got the small amount of 28 ICP and not 119 like others, multi accounts not even counted in) and a lot of them sold off their airdrop which of course creates a heavy pressure on the price. I personally haven't sold any ICP yet and i am not planning to do so because i hope and think that the price will stabilize and will start to grow again once the airdrop sell off is finished. If we should go into a real bear market and we will see a price of <40$ per ICP then i will probably buy a few more ICP myself.
Looking at the order books, the feeling I get is that ICP is still overpriced. The market cap went down by almost 75% in a week or so, and I won't be surprised if it goes down by another 50%. And I don't think that users selling their airdropped tokens is the sole reason behind the drop. The market cap (even at current levels) looks too high for a project that has limited acceptability. And if I am not wrong, the airdrop started in 2018. There is no reason to assume that all the users who have waited for so long will dump their tokens all of a sudden.