After a brutal downtrend from $15.577, ICP has found its strongest support in months at $4.183 โ and now, it's launching a powerful reversal. The price just touched $6.222, gaining +4.13% this week, and all indicators are flashing bullish reversal!
Smart money is waking up. Is this the beginning of ICPโs long-awaited comeback?
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๐ The Bullish Case (Why Buy ICP Now?)
๐น Bottom Structure Confirmed: The chart shows a solid double-bottom near $4.18, where the selling has dried up and buyers have returned. This is classic accumulation.
๐น Momentum Building:
RSI is climbing at 65.69, showing growing strength but still has plenty of room to run.
MACD is flipping bullish โ weโre seeing a fresh green wave forming after a long red stretch.
Stochastic (K: 68.89, D: 53.41) is crossing upward, a strong confirmation of a trend shift.
๐น Volume Uptick: Weโre seeing more buying volume kick in, supporting the bullish move. This is not a fake pump โ it has real demand behind it.
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๐ The Trade Setup
ICP is setting up for a clean reversal trade from the bottom zone.
โ BUY ZONE: $6.00 โ $6.25
๐ก STOP LOSS: $5.40 (just under previous pullback)
๐ฏ TP1: $8.62 (last major resistance)
๐ฏ TP2: $11.13
๐ฏ Moon Shot TP: $13.64
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๐ฅ The Bottom Line:
ICP is officially out of the basement. After months of sideways chop, it's showing a textbook reversal pattern on the weekly timeframe โ this could be the early phase of a multi-week rally.
If it holds above $6.00, the next leg could take it toward $8+ very quickly.
๐ Are you riding this ICP reversal or waiting for confirmation? Drop your thoughts! ๐
โค๏ธ Like if you're bullish on ICP and follow for more early entries!