ICPUSDT

Current price: 6.92 USDT

Change percentage: -1.00% (slight drop)

Short-term general trend: corrective downtrend after a strong upward wave from 2.8 → 9.84

The market is now in a cooling and horizontal/downward correction phase.

🔸 Moving Averages (MA)

MA7 (yellow) = 7.07

MA25 (pink) = 7.79

MA99 (purple) = 4.81

📉 The price is now below MA7 and MA25 → this indicates a downward trend in the short and medium term.

However, the price is still above MA99 → the long-term trend is upward unless it breaks 4.8.

🟠 We notice that MA7 crossed down with MA25 → a short-term exit signal.

🔸 Indicators

RSI(6) = 38 → close to oversold areas (30) → a temporary rebound is possible.

STOCH RSI = 7 → near the bottom → a significant upward rebound is very possible in the coming hours.

MACD = -0.25 (below zero) and the blue line is below the pink → selling momentum continues, but the divergence is decreasing, indicating a near balance or slight reversal.

🔸 Support and Resistance

First support: 6.27 (clear in the chart and written as the average selling price).

Second support: 5.54

Strong support: 4.80 (matches MA99).

Nearby resistance: 7.80

Next resistance: 8.65

The currency has completed a very strong upward wave (by more than 200%) and is now undergoing a natural and healthy correction.

The drop appears to be under control, and there are no signs of a collapse, but a confirmed entry signal has not yet appeared.

🔹 Summary

Ideal buying level 6.3 – 6.0

Target upon rebound 7.7 – 8.2

Safe stop loss break 5.9 with a 4-hour close