Internet Computer Protocol ($ICP ) is currently trading at $5.67, down 2.15% over the past 24 hours. After failing to sustain momentum above the $5.87 resistance, the price is drifting downward, testing a critical support zone between $5.44–$5.55. This level has historically triggered bounces but could also lead to a breakdown if bears gain control.
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Market Snapshot
Current Price: $5.67
24h Change: -2.15%
24h High: $5.878
24h Low: $5.444
24h Volume: 2.22M ICP / $12.54M USDT
Currency Exchange: 1 ICP ≈ $5.67 USD ≈ €5.25 EUR
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Bullish Scenario (if support holds at $5.44–$5.55):
Entry Zone: $5.52 – $5.66
Target 1 (TP1): $5.87
Target 2 (TP2): $6.01
Target 3 (TP3): $6.13
Stop-Loss: $5.39
If buyers step in at this support range with increasing volume and bullish indicators (like RSI divergence or bullish engulfing on the 4H chart), a reversal rally could be initiated.
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Bearish Scenario (if $5.44 fails to hold):
Short Entry Zone: $5.40 – $5.48
Target 1 (TP1): $5.20
Target 2 (TP2): $4.95
Stop-Loss: $5.72
A clean break below $5.44 could invite a new wave of selling pressure, targeting lower support zones as ICP weakens further.
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Market Insight
The $5.44–$5.55 range is the pivot. This area has shown past reactions and may dictate the next direction. Watch closely for price action confirmation, especially during high volume spikes or trendline breaks.
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Pro Tip
Keep a close eye on the 4H RSI for divergence or potential reversal patterns. A bullish engulfing candle near the key support could serve as a high-conviction signal. Set alerts around $5.44 to act quickly on either scenario.
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Final Thoughts
Will the bulls step up and defend the zone, or are the bears ready to break it down?
Let us know your take — comment below, follow for more setups, and drop your favorite pair for the next analysis!
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Buy and Trade $ICP now — stay ahead of the move.
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