ICP is holding the key demand in HTF while the pressure remains 👀
ICP is settling within the key discount zone of 2.49–2.54 HTF after weeks of aggressive bearish pressure. The price is no longer trending down aggressively, while the repeated reactions from demand indicate that buyers are slowly soaking up liquidity near the current levels. The overall structure now resembles more of a consolidation rather than a clean bearish continuation.
The chart also shows that ICP is constricting under the bearish HTF resistance while building a higher low base within demand. If buyers reclaim the structure properly above the current resistance, the next liquidity zones are around 2.77, 3.01, and possibly 3.26 over time. Momentum is still in its early stages, but the bearish pressure has clearly weakened compared to previous selling.
Right now, patience is still key. The safest long setup comes after another liquidity pullback to the dip, followed by a bullish recovery and a stronger confirmation of displacement from support.
Analysis by Leo524.
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