$ICP 📉 ICP Might Dump More – What’s Going On? 📉

🚨 Warning bells are ringing for Internet Computer (ICP) holders, as the chart paints a bearish picture 📊. Over the past few sessions, ICP has failed to maintain any bullish momentum, getting consistently rejected at key resistance zones. As the broader market struggles for direction, ICP appears to be heading down a steep slope with little support in sight. 😬📉

💥 One of the major red flags is the lack of buyer interest at market price. While there might be some bids placed at lower zones, there's almost no one stepping in aggressively to support the current level. This creates a vacuum of demand, making it easier for whales and institutions to dump their bags and push prices lower. 🐳💼➡️🗑️

📉 The structure is forming a reverse flag pattern, a typical sign of continuation in a downtrend. Every small rally has been met with heavy sell pressure, and the price action looks exhausted. RSI and MACD indicators are also leaning bearish, with RSI stuck in oversold zones and MACD lines pointing downward. 📉📉📉

📊 Support zones are thin, and if ICP breaks below the recent local low, we could be looking at a potential drop toward $6 or even lower. There’s no significant bullish catalyst on the horizon, and with Bitcoin showing signs of cooling off, altcoins like ICP may suffer disproportionately. 💀🪙

🔍 If you’re thinking of catching the falling knife, beware. It’s wise to wait for clear confirmation of a reversal—strong volume, green candle formations, and buyers stepping in—before jumping in. Until then, the bias is clearly bearish. 🧨

👀 Smart traders are already eyeing short opportunities, especially during fakeout rallies. As always, use tight stop losses and proper risk management. Don't get trapped in false hope. 🧠📈❌

💬 Final Thoughts: ICP is currently in a dangerous spot. Momentum is weak, technicals are bearish, and there’s no strong buyer defense at key zones. This might be the time.