Is the ICP/USDT pair ready to rise or fall? Here’s what you need to know!

Current Price: $5.947

Date: May 14, 2025

Chart Timeframe: One Week

Current Market Forecast:

Bullish Scenario

If ICP maintains its current strength, a breakout above key resistance areas could spark a strong rally. Indicators suggest a 'buy' signal, indicating a growing bullish trend.

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 areas. Watch for any strong selling pressure or signs of trend exhaustion.

Support Areas:

• $5.647 (Immediate)

• $4.633 (Secondary)

• Strong historical low areas (watch for bounce opportunities)

Key Support Levels:

• $5.647 - Current price acts as immediate support

• $4.633 - Previous swing low

• Low areas - Historically strong buying zones

Key Resistance Levels:

• $6.010 - First resistance barrier

• $6.154, $7.269, $9.838, $11.014, $12.110 - Stronger bullish targets

• $23.245, $37.456 - Long-term resistance for potential massive highs

$ICP

ICPUSDT