ICP (Internet Computer) Market Update – April 26, 2025
Current Price: $5.29
Trend: Bullish Recovery Attempt
Key Technical Levels:
Major Support (Neckline): $5.25 (or $5.3 rounded)
First Resistance: $5.6
Next Resistance: $6.3
Major Target: $7.0
Psychological Support: $5.00
Deep Support: $4.20
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Analysis:
ICP has successfully completed a clean double bottom pattern around the $5 mark. It is currently holding just above the neckline ($5.25), which is critical for continuation.
Entry Zone:
Ideal Buy: $5.25–$5.30 (as long as daily candles stay above $5.25)
Profit Targets:
TP1: $5.60
TP2: $6.30
TP3 (Major): $7.00
Stop Loss:
SL: Two consecutive daily candle closes below $5.25
If lost, ICP risks falling first to $5.00, and if $5.00 fails, then deeper towards $4.20.
Outlook:
Holding $5.25 keeps the bullish structure intact.
A successful breakout above $5.6 can push ICP towards $6.3, and if momentum continues, $7.0 will be the major next target.
Failure to hold $5.25 for two days will turn the structure bearish again.
