Chart Check: Bearish Pressure Continues($ICP )

The asset is currently at 5.599, down -2.71% today.

Key Observations:

* The price is trending downwards from its 24h High of 5.937, now hovering closer to its 24h Low of 5.526.

* On the 1-hour chart, the price is trading below all three moving averages (MA(7), MA(25), MA(99)), indicating persistent bearish momentum.

* Recent volume shows consistent selling pressure with more red candles.

What's Next?

Watch for a potential retest of the 24h Low. The short-term trend remains bearish unless a strong bullish reversal signal emerges.

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