Here’s a technical analysis and short-term outlook for $ICP

/USDT Perpetual:

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📊 ICP/USDT Overview

Last Price: $4.801

Mark Price: $4.801

24h Change: -2.66% 🔻

24h High / Low: $5.007 / $4.776

24h Vol (ICP): 5.23M

24h Vol (USDT): $25.65M

Recent Vol: 19,510

MA(5): 51,960

MA(10): 44,320

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🔍 Key Technical Levels

Type Price Notes

Support $4.776 24h low, key test area

$4.764 Weak defense; watch for flush below

Resistance $4.815 Light cap in current chop zone

$4.866 Initial bounce ceiling

$5.007 Day high, breakout level

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📉 Trend & Momentum

Indicator Status Implication

Trend Bearish short-term Lower highs, lower lows structure

MAs MA(5) > MA(10) Volume rising slightly despite the dip

Volume Medium-High Active, but not panic-level selling

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🧭 Trade Scenarios

🟥 Bearish Continuation Setup

Trigger: Breakdown under $4.76 with volume

Short Targets: $4.68 → $4.55

Stop: Close above $4.87

🟩 Bullish Reversal Setup (Scalp)

Trigger: Reclaim and hold above $4.87

Long Targets: $4.98 → $5.02

Stop: Tight below $4.76

Note: Needs market-wide strength (BTC support or altcoin bounce)

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🧠 Summary

Bias: Slightly Bearish

Condition: Weak bounce attempts, hovering near support

Preferred Strategy:

Wait for breakdown under $4.76 for short

Only scalp long if reclaiming $4.87 with volume

Be cautious around $5.00 — strong historical resistance

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#ICP. #icp_go_MOON #OneBigBeautifulBill #BinanceTGEXNY #Write2Earn