🌩️ $ICP /USDT – May 15, 2025 Market Update

🏷️ Category: Layer 1

💰 Price: $5.46 (▼ -6.07%)

📈 24H High: $5.848 | 📉 24H Low: $5.387

🔄 24H Volume: 1.56M ICP | 💵 USDT Volume: $8.75M

📊 ICP Price Analysis & Key Levels

🔹 Resistance: $5.68 / $5.85

🔹 Support: $5.38 / $5.12

📉 Crypto Market Insights

🔸 Fibonacci Retracement (Low $5.38 – High $5.848):

38.2% – $5.60

50% – $5.61

61.8% – $5.66

🔸 ATR (14D): $0.39

📉 Expected Swing Range: $5.10 – $5.90

🚀 Bullish Scenario

✅ Holding above $5.38 support could trigger a bounce toward $5.68

✅ A close above $5.66 (Fib 61.8%) could shift short-term momentum

⚠️ Bearish Scenario

❌ Breakdown below $5.38 might retest $5.12

❌ Rejection at $5.60–$5.68 zone confirms continued selling pressure

🎯 Trading Strategy – Bearish Bias

🛍️ Spot Trading

Buy Zone: $5.10 – $5.38

Targets: $5.68 / $5.85

Stop-Loss: $5.02

📉 Futures Trading

Short Setup:

Entry: $5.66 – $5.72

Target: $5.40 / $5.12

Stop-Loss: $5.82

Long Setup:

Entry: $5.38

Target: $5.66 / $5.85

Stop-Loss: $5.12

🛡️ Risk Management & Alerts

Keep an eye on $5.38 – breaching it opens downside to February levels.

💡 Unique Insight – VWAP:

VWAP is near $5.61 – current price below it suggests bearish volume dominance.

📌 Summary:

ICP is on key support after sharp drop. Breakout needs reclaiming $5.66–$5.72 zone; otherwise, a deeper correction is likely.

❓Closing Question:

Will $5.38 hold the line for ICP, or is a dive toward $5.12 inevitable?

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