The currency is currently in a downtrend on the short term after an early peak, as the price has stabilized at critical support levels. The opportunity lies in "catching the rebound" from the current oversold areas, especially with the price stabilizing above the 2.60 barrier.
Potential price targets (seize the opportunity):
• First target: $2.75 (recovering the nearby resistance level)
• Second target: $2.84 (testing the intermediate peak)
• Strategic target: $2.95 (returning to the initial launch levels)
Controversial scenarios:
• Positive scenario: A stable breakout above $2.72 opens the door for a significant jump towards $2.90, restoring buyers' confidence.
• Cautious scenario: The current volatility requires monitoring key support areas at $2.60 and $2.55; breaking them may lead to further liquidation.
Buying and selling areas
• Buying: between levels of $2.60 and $2.62.
• Selling: at levels of $2.85 and above.
Golden advice for traders:
"Do not swim against the current; wait for a clear rebound signal with a strong green candle before entering with full liquidity, as patience in support areas is the key to profit."
What will happen in the coming days?
It is expected that the currency will enter a somewhat boring accumulation phase around the $2.61 area before deciding to launch to test levels of $2.80 again.
Question:
Do you think ICP can regain its momentum and soar above the $3 barrier before the end of the week? Share your opinion in a comment!
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