technical overview and analysis of $ICP /USDT (Internet Computer):
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📉 ICP/USDT — $4.464 (-8.62%)
Category: Layer 1 / Layer 2
Trend Bias: Bearish short-term, testing major support
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📊 24h Market Summary
Metric Value
Current Price $4.464
24h Change -8.62% 🔻
24h High $4.885
24h Low $4.441
24h Volume (ICP) 2.77M
24h Volume (USDT) $12.91M
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📘 Order Book Depth
Resistance Levels Support Levels
$4.635 – 4.775 $4.425 – 4.441
Pivot Zone: $4.46 (at or near daily support)
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📈 Volume & Moving Averages
Indicator Value
Current Volume 56,157.05 ICP
MA(5) 30,718.06
MA(10) 40,826.90
📉 Volume has spiked above short-term MAs → indicates heavy selling or high volatility.
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🧠 Technical Analysis
Current Support: $4.44 – $4.42 → very tight zone; next support sits near $4.20–4.10.
Resistance Zones:
Near-term: $4.63
Key level: $4.88 (24h high)
Trend Structure:
Trading below both short-term MAs
Lower highs and lower lows → downtrend intact
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📌 Trade Setup Ideas
Setup Entry Area Stop-Loss Target Zone
Rebound Trade $4.42 – 4.45 < $4.38 $4.63 – 4.70
Breakout Buy > $4.88 < $4.75 $5.05 – 5.15
Short Retrace $4.63 – 4.70 > $4.75 $4.45 – 4.30
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⚠️ Key Insights
Downtrend pressure strong — large red daily candle, price hugging support
Watch for wicks or volume spikes near $4.44 — these may hint at accumulation
If $4.42 fails, risk increases for a move down to $4.10 or even $3.95 (longer-term support zone)