Trying to recover after the recent explosive move to $4.09 👀
The correction looks aggressive, but there are important details: selling volume is tapering off during the pullback.
Currently, ICP is testing the daily EMA50, around $2.65, as a support zone.
As long as the price stays above this level, the bulls might try to push the price back towards the EMA200 resistance near $3.10.
Momentum is still choppy, but this candlestick is starting to look interesting again.
Are you buying the dip on $ICP or waiting for a stronger confirmation?
$SOL # #marketinsight
The correction looks aggressive, but there are important details: selling volume is tapering off during the pullback.
Currently, ICP is testing the daily EMA50, around $2.65, as a support zone.
As long as the price stays above this level, the bulls might try to push the price back towards the EMA200 resistance near $3.10.
Momentum is still choppy, but this candlestick is starting to look interesting again.
Are you buying the dip on $ICP or waiting for a stronger confirmation?
$SOL # #marketinsight