ICP/USDT Ready to Explode or Retrace? Here’s What You Need to Know!
Current Price: $5.647
Date: May 13, 2025
Chart Timeframe: 1-Week
Current Market Outlook:
After a steady phase of consolidation, ICP (Internet Computer) is showing signs of upward momentum. The bulls are beginning to stir — but can they break through key resistance? Let’s analyze!
Potential Next Move:
Bullish Scenario
If ICP maintains its current push, a breakout above the key resistance zones could ignite a strong rally. Indicators are hinting at a "Buy" signal, suggesting bullish sentiment is growing.
Targets:
• $6.010
• $6.154
• $7.269
• $9.838
• $11.014
• $12.110
Bearish Scenario
Failure to hold above current levels may lead to a retest of previous support zones. Watch for any strong sell pressure or signs of trend exhaustion.
Support Zones:
• $5.647 (Immediate)
• $4.633 (Minor)
• Lower strong historical zones (Watch for bounce opportunities)
Key Support Levels:
• $5.647 – Current price acting as immediate support
• $4.633 – Previous swing low
• Lower zones – Historically strong buy areas
Major Resistance Levels:
• $6.010 – First resistance hurdle
• $6.154, $7.269, $9.838, $11.014, $12.110 – Stronger upside targets
• $23.245, $37.456 – Long-term resistance for moonshot possibilities