ICPUSDT.1DThe daily chart of ICP/USDT shows a recent uptrend with the price experiencing a sharp increase followed by a slight pullback. This analysis will examine the current market conditions, identify key support and resistance levels, and evaluate the implications of technical indicators.
Price Action and Structure:
ICP/USDT has rallied significantly from lower levels and is currently consolidating around $11.268. The chart shows that the price is in a recovery phase after a previous downtrend, with current levels testing the support zone.
Resistance and Support Levels:
Resistance Levels: The immediate resistance is at $14.492 (R1). If the price can break through this resistance, it might target the next significant resistance at $16.998 (R2), which if surpassed, could pave the way to retesting higher price levels seen earlier in the year.
Support Levels: Key support is established at $9.331 (S1), which is crucial to hold to maintain the current bullish momentum. Further support is found at $7.071 (S2), with an additional support level at $4.981 (S3), offering substantial fallback positions in case of a deeper pullback.
Moving Averages:
The price is currently above several key moving averages, suggesting that the uptrend is still intact despite the recent pullback. These moving averages might act as dynamic support in the event of further price drops.
Technical Indicators:
MACD: The Moving Average Convergence Divergence (MACD) is showing a decrease in bullish momentum as the MACD line is approaching the signal line from above, indicating potential consolidation or a bearish reversal.
RSI: The Relative Strength Index (RSI) is at 70.68, which is near the overbought territory. This suggests that the asset might be slightly overvalued in the short term, which could lead to a consolidation or minor correction.
Conclusion:
ICP/USDT has shown substantial recovery, but it faces significant resistance at $14.492 (R1). The near-term outlook depends on the asset’s ability to maintain above $9.331 (S1). If it fails to hold this level, it could test lower supports at $7.071 (S2) and potentially $4.981 (S3). Given the current readings from the MACD and RSI, traders should be prepared for potential volatility, with a cautious approach recommended as the market decides its next move. The upcoming sessions will be crucial in determining whether ICP can sustain its recovery or if it will succumb to selling pressure, necessitating a revisit of lower support levels.
ICPUST trade ideas
ICP breakout (UPDATE)Good afternoon Traders,
We are finally recovering from the harsh crash that happened in the past few days. I hope all of you stayed safe. This correction was bigger than I was anticipating, but it doesn't matter because I already took big profits home from my first trade on ICP. I have not sold my position. In fact, I have only added more to my position. I bought some more at around 11 dollars. Plan remains the same, but I will watch the levels and keep my eyes on the charts for (in)validations.
Happy trading everyone!
Will ICP reach $40?BINANCE:ICPUSDT was in a downtrend throughout the 2022-2023 period. However, with the start of 2024, the first bullish move pushed the price from $3 to $20.
The selling pressure in the $20-23 range was not surprising, and the resulting decline caused the price to drop by as much as 72%.
The second half of 2024 mostly consisted of consolidation. Following the election results in the United States, the price began trending upward again.
I believe the price will continue its upward movement from the last consolidation zone, first reaching $23 and then potentially moving towards $38.
The positive market sentiment and notable advancements in ICP's use cases will likely support the price.
ICP from6,8to15 NEXT SOL and ETH killer CMC lies about the chartEvery dip its a good point of entry to buy on spot and long x2 ICP will turn parabolic soon when mass adoption kicks in there is no limit, if also the coin gets good marketing will help, but the problem is abut there is real crypto mafia that control the market, they decide which coin to pump and what no, I heavily believe Coinmarketcap chart (check ICP Coinbase chart) is manipulated in order to keep extracting the money of new users to buy stupid coins that are copies of BTC and ETH all layer1 or layer2, all paying CMC and Coingecko to put false charts to make believe the coin is dead.
ICP is the only that has real value of web3 hosting combined with AI and literally obliterates every other coin on market in terms of utility and usage, a REAL WORLD COMPUTER, just look at metrics, DAOs, the team... Also DFINITY partners with the Swiss goverment to implement the blockchain tech in Swiss files... Its now or never, 20USDT will be too late
ICP breakout (UPDATE)Since my first idea published on ICP we have rode a nice trip to the 15 dollars and made a quick and easy profit of 60 percent unlaveraged. Thanks for all the support!
As I said in an earlier post, I believe ICP can go much higher than this. Especially when you look at the charts. ICP has been forming an cup & handle pattern. Now we are approaching the key resistant at approximately 16 dollars. It is important that we break this level, because if we don't, I believe we can experience a small correction to one of the lover levels. But when we break this level, I believe the real ride will start. Keep your eyes on this one👀👀
Stay safe Traders!♥️
#ICP/USDT / Ready to go up#ICP
The price is moving in a descending channel on the 12-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 6.90
We have a downtrend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 9.00
First target 9.47
Second target 10.00
Third target 10.50
ICP wait for a LONG
ICP is of my interest because of the project, the team and their continuous dev activities.
In my opinion, after a long period of declining (check my previous trade in the link below), ICP has found its bottom. However, in short and mid-term, ICP is going to consolidate in a range from $3.5 to $7.5.
I'm waiting for it to be back in the demand zone to fill my bag.
What do you think about this crypto, the project as well as this analysis?
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ICP (Internet Computer Protocol) is a cryptocurrency associated with the Internet Computer blockchain, developed by the DFINITY Foundation. The Internet Computer aims to create a decentralized and secure blockchain platform that can host a wide range of applications and services, providing an alternative to the traditional centralized web infrastructure.
Key features and concepts of the Internet Computer include:
Decentralization: The Internet Computer aims to be a fully decentralized and censorship-resistant blockchain network.
Canister Smart Contracts: Instead of using traditional smart contracts, the Internet Computer uses "Canister" smart contracts: secure and scalable building blocks that enable the creation of decentralized applications (DApps) and services on the network.
Internet-Scale: The Internet Computer is designed to be internet-scale, meaning it can scale to handle vast amounts of data and user traffic without compromising on performance.
On-Chain Governance: The network implements an on-chain governance system that allows token holders to participate in decision-making processes, such as protocol upgrades and changes.
Another Rounded Bowl Structure ICPUSDT We have seen the bear part of this pattern and are yet to experience the extreme bull that this type of curve provides.
I foresee bullish continuation for this coin with the % increase being massive
Vertical line is where the shift from bear to bull occurred.
Daily timeframe
ICP breakout (UPDATE!!!)In my previous idea I told you about the symmetrical triangle that ICP was creating. After it broke out and consolidated around the key resistance area, ICP had a huge pump and it made some marvelous profits.
But now, I believe ICP is ready for it's second move up. You see, ICP is creating a symmetrical triangle for the second time now and I think it is about time that it will break out. If you missed the train, don't worry. Just watch the charts closely and when a clear breakout and retest happens, you can fill your longs. Good luck traders!
ICP UpdateLet’s cut the FOMO and look at the chart objectively:
It’s hard to say if price has spent enough time in the discount zone for proper accumulation. The current bounce could very well be just a short squeeze—something to keep in mind.
ICP is #5 in my HODL portfolio, and I’ll gladly add more at $5 and $3.7 if the opportunity arises.
🎯 Short-term target: Breaking previous highs at $25.
ICP Breakout Potential - Key Levels to Watch🚀🌐 ICP Breakout Potential - Key Levels to Watch 📈💡
Internet Computer (ICP) is catching attention with a clean technical setup and bullish momentum, making it one of the standout opportunities in the current market. Let's break it down:
ICP/USDT Key Insights:
Support Holding Strong:
The ascending channel provides robust support at $10.88.
Immediate Resistance:
Short-term resistance lies near $12.23, marking a crucial pivot point for a breakout.
Upside Target:
If ICP maintains its momentum, we anticipate an upside move toward $14.62, aligning with Fibonacci retracement targets and significant horizontal resistance.
Volume & Market Sentiment:
Spot volume and open interest are increasing, signaling strong participation from both retail and institutional traders.
Funding rates remain neutral, suggesting balanced sentiment without excessive leverage skew.
Longer-Term Perspective:
The daily chart reveals a massive potential move toward $37.75, $60.38, and potentially the golden ratio level at $94.57 if this breakout evolves into a sustained rally.
ICP is emerging from a long consolidation phase, increasing the probability of significant upward momentum.
Market Context:
ICP's decentralized infrastructure provides cutting-edge solutions in blockchain scalability, aligning with its growing technical strength. This aligns with broader adoption and demand for decentralized, scalable, and high-performing platforms.
💡 Plan Your Trades, Trade Your Plan: With ICP positioned for a breakout, it’s vital to monitor resistance levels and consider trailing stops as we approach targets. As always, diversification and proper risk management are key.
One Love,
The FXPROFESSOR 💙
ICP Holding $10.70 | Targeting $12.50📊 ICP's price is holding above the $10.70 support, which is a key level for maintaining a bullish outlook.
✅ If this level holds, the price could move upward toward the $12.50 target.
⚠️ However, if the price falls below $10.70, the bullish setup may be invalidated.
👉🏼 The current structure suggests potential for continuation toward $12.50 if support remains strong.
ICP at a Crossroads: Rally Ahead or Breakdown?Yello, Paradisers! Is #ICPUSDT on the verge of a major bullish continuation, or are we staring at the potential for a steep decline? Let’s examine the critical levels and what they mean for the market.
💎#ICPUSDT is at a critical juncture, and the market is keeping us on our toes. The price has been hovering near the support zone at $9.775, showing a strong probability of bullish continuation, but the story doesn’t end there.
💎Currently, the decreasing volume and RSI in overbought territory signal caution. These indicators suggest a potential pullback is likely. Our expectation? #InternetComputerProtocol is poised to retrace back to $9.775 soon. If this support holds, the chances of a bullish rally are high, making it an exciting opportunity for traders watching this zone closely.
💎However, if the price fails to maintain momentum at $9.775 and breaks below this level, the trend could shift bearish. The next key level to watch is the $8.666 support, which has proven to be reliable, respecting price action twice before. This support is critical to sustaining the broader bullish outlook.
💎But here's the risk: should the price drop below $8.666, the bullish scenario would be invalidated entirely, likely leading to a more significant downturn in ICP’s price.
As always, patience pays in trading. Don’t let FOMO guide your decisions wait for clear confirmations before taking action. Discipline and strategy are the keys to long-term success.
MyCryptoParadise
iFeel the success🌴
ICP long term 📌 analysis#crypto #dyor #nfa
LSE:ICP - macro 📌 analysis ⏰
👉 If month close above $8.4 ~ no new low 🔅
Until then it can go lower side lines 📍
SUPPORT :: $1.8-2.47 ( #BUY phase 2 )
:: $3.8-4.8 ( #BUY phase 1 )
Resistance 📌 $8-25-36-75-95-175 +++
I don't know where top 🔝 target going to end 📌 for next bull 🐂 based on bottom and recovery 🤠 we can confirm 😜
Be in group 👍 later I will update chart 📉
Manage ur risk and accumulate i recommend below 10% liquid 💰
My strong target is $25-35 📌
📌
Alikze »» ICP | Forming a triangle corner pattern🔍 Technical analysis: Forming a triangle corner pattern
- According to the analysis presented in the previous post, in the 1D time frame, after reaching the supply range, it has faced selling pressure.
- As can be seen, after reaching the range of the green box, it has had a positive reaction several times and has faced demand.
- Currently, a triangle corner pattern is formed in the green box area.
- Therefore, the last correction leg can be removed from compression by filling the gap of FVG.
- If it exits from the density above, it can grow up to the range of 12.5 dollars.
🛑 The most important resistance: $12.50
💎 Alternative scenario: If the breakout occurs from below and the green box is broken, the correction can extend to the green box.
💎 So as long as it is above the green box, there will be a short-term bullish trend for the target of $12.50.
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Alikze.
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BINANCE:ICPUSDT
ICPUSDTThe BYBIT:ICPUSDT chart highlights an analysis using Order Block (OB) and Fibonacci + Liquidity. The price is reversing its structure and breaking out of the accumulation zone, signaling a strong bullish momentum. The primary target is set at $14, aligning with key liquidity at the EQH level and Fibonacci 0.5 retracement.
If the upward movement continues, the next targets are the Fibonacci 0.618 level and the EQH at $16.40.
Support is defined within the current Order Block, which has the potential to transform into a Breaker Block, enhancing price stability during potential pullbacks. The breakout from the accumulation zone and the structural shift confirm bullish sentiment, making these levels crucial to monitor for further developments.