💡 $ICP /USDT Technical Analysis (4H Chart)

💰 Current Price: $5.255 (+0.32%)
📊 Moving Averages:

MA(7): $5.165

MA(25): $5.121

MA(99): $5.171

👉 Price is now above all key MAs — short-term bullish structure is forming.

🔄 Range-Bound with Reversal Potential

ICP has been stuck in a large sideways range between $4.60 and $5.80 for over a month.

It’s showing signs of a potential higher low formation and is currently testing the upper part of the mid-range.

This may lead to a range breakout attempt if $5.40–$5.60 zone is cleared.

🔥 Momentum Snapshot:

All short- and mid-term MAs have bullishly crossed, indicating potential upside continuation.

Volume is picking up gradually — early signs of interest returning.

🧱 Key Levels:

Support: $5.12 (MA25), $4.95 (range bottom)

Resistance: $5.40 → $5.65 → $5.80 (multi-top rejection zone)

Break and close above $5.65 = likely move toward $6.20–$6.40

🎯 Trade Setup Idea:

Conservative buyers may wait for $5.40 breakout confirmation.

Aggressive traders can accumulate here with stop below $5.10, targeting the top of the range.

Watch for rejection wicks or low-volume pushes — those = fakeouts.

⚠️ DYOR – Do Your Own Research.

This is not financial advice. Markets can be volatile — always trade responsibly!