🔍 ICP Analysis – Support Retest at $5.04 🔍
🧠 Internet Computer is stabilizing near $5.04, testing a key support zone after a prolonged downtrend. Traders are watching for signs of a bounce or deeper correction.
📈 Technical Analysis
- Trend: Bearish continuation
- Support: $4.80 and $4.45
- Resistance: $5.30 and $5.70
- Pattern: Descending wedge on 4H
- Volume: Low and fading
- RSI: Near 41, bearish zone
- Outlook: Bearish unless $5.30 breaks
📰 Market Data & News
- Price: $5.04
- 24h Change: -2.0%
🔄 Scenario Breakdown
- Bullish Case: Break above $5.30 targets $5.70; SL below $4.80
- Bearish Case: Breakdown below $4.80 may drag price to $4.45; SL above $5.30
📊 Sentiment Meter
📉 Bearish Bias – Weak volume, sellers dominate
⚠️ Risk Level
🔴 High – Breakdown risk, low momentum
💬 ICP is hovering near support—will it reclaim strength or extend the slide?
📢 Reminder: This is educational content. No guarantees, no advice—just charts, data, and perspective.
ICP #BinanceSquare