$ICP has experienced a slight decline of 2.087% over the past 24 hours.
With a high of 5.141 and a low of 4.924, the price is currently toward the lower end of the Bollinger Bands, indicating potential for near-term support at 4.924.
The overall market trend remains bearish, suggesting that sellers are currently in control.
Macroeconomic factors, such as regulatory news and inflation, could exacerbate volatility.
Bitcoin's current movements are undefined, potentially allowing ICP to move independently.
Traders may consider a short-term approach given the volatility and recent downtrend.
The key takeaway is to monitor macroeconomic developments closely, as they could shift the market sentiment for ICP.
