$ICP /USDT ‌

Current Price: $5.147
24h Change: +5.10%
24h High / Low: $6.601 / $4.755
24h Volume: 8.42M ICP (~$44.61M Turnover)

After a sharp drop from $6.60 to $4.81, ICP is now showing signs of stabilization and accumulation around the $5.10 zone. The 15-minute candles suggest a slow recovery, while the 1-hour timeframe reveals a potential bullish reversal setup, forming higher lows after a strong sell-off.

Volume remains healthy, suggesting traders are accumulating positions at this level.

Technical Outlook

Support Zone: $4.75 – $4.90

Resistance Zone: $5.70 – $6.00

Trend: Short-term sideways; medium-term bullish recovery

Momentum Indicators: Early signs of MACD crossover; RSI moving off oversold region

Trade Setup

• Entry Zone: $5.05 – $5.20
• Target 1 🎯: $5.60
• Target 2 🎯: $6.00
• Target 3 🎯: $6.50
• Stop Loss: $4.75

Strategy Notes

If ICP breaks above $5.60 with increasing volume, this could confirm a short-term breakout that might accelerate toward the $6+ region.
However, if it fails to hold above $4.90, expect a possible retest near $4.75 support.

Ideal play: Wait for volume confirmation near $5.20–$5.30 before entering.

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