This Accumulation Zone Could Send $ICP to $79+
#ICP is trading at $5.55, currently sitting in a critical accumulation zone โ between $4.54 and $5.41. Here's what the chart reveals:
Major Support:
๐น Holding above the long-term support zone around $2.88โ$3.38.
๐น If this level fails, we may revisit the $2.60โ$2.88 range.
Accumulation Zone:
๐น This zone has historically attracted smart money entries.
๐น Any consolidation here with volume could trigger a bullish breakout.
Immediate Resistance (Zone 1):
Between $6.26โ$7.16 โ a breakout and weekly close above this = bull control confirmed โ
Key Trendline:
๐น The long-standing downward resistance line is still intact but weakening.
๐น A breakout and retest could ignite a mid-term rally.
Next Resistance (Zone 2):
Major hurdle sits around $14.95โ$18.52 โ breakout here opens the door to $50+ levels.
Upside Projection:
If the structure plays out, ICP could potentially rally toward $50โ$79 in a full bull run.
๐ป Risk Levels:
๐น A break below $4.54 would be a caution signal.
๐นClosing below $3.38 may invalidate the bullish structure.
Note: ICP/USDT is at a make-or-break zone. Accumulation is visible. A bullish breakout above $7.16 could start a powerful upside move. Watch for volume + trendline breakout confirmation. Stay alert, set alerts, and plan your entries wisely. DYOR, NFA.
