Here's a technical and market summary for $ICP /USDT
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๐งพ ICP / USDT Snapshot
Current Price: $4.539
24h Change: -6.45% ๐ป
Category: Layer 1 / Layer 2
Trend Bias: Bearish, testing support with declining momentum.
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๐ 24-Hour Trading Summary
Metric Value
24h High $4.888
24h Low $4.454
Volume (ICP) 2.61M ICP
Volume (USDT) $12.24M
๐ป Price is just above the daily low, indicating bears are still in control.
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๐ Order Book & Key Price Levels
Resistance Levels Current Support Levels
$4.775 $4.454 (24h Low)
$4.759 $4.438 (Next support)
$4.707
$4.640
$4.573
$4.539
โ ๏ธ Key Support: $4.454 โ if this breaks, downside may extend toward $4.30 or $4.10.
๐ First Resistance: $4.640 โ mild barrier for short-term recovery.
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๐ Technical Indicators
Indicator Value
Volume 4,065 ICP
MA(5) 32,694 ICP
MA(10) 53,491 ICP
๐ Current volume is well below average, indicating weak buying interest during the dip.
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๐งญ Trend Insight
Factor Status
Trend Bearish
Momentum Fading
Volatility Medium-High
Outlook Bearish-to-neutral unless price reclaims $4.64 with volume
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๐ฏ Trading Strategy
Type Range/Level
Buy Zone $4.45 โ $4.50 (only on bounce signs)
Resistance $4.64 / $4.70 / $4.76
Breakout Entry $4.89+
Stop Loss Below $4.43
โ Watch for consolidation near support โ any bounce with volume may offer a quick 3โ5% move.
โ Failure to hold $4.454 could signal another leg down โ especially with weak market-wide sentiment.
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๐ Summary
ICP is in a corrective phase, currently in a danger zone near its local low. A bounce is possible if broader market conditions improve, but risk remains elevated short-term.
Would you like an RSI/EMA analysis or a comparison with similar Layer 1 coins like ALGO, SYS, or LRC?
#ICP. #icp #MarketPullback #SwingTradingStrategy #Write2Earn