#icp — Vertical Blow-Off Top Followed by Deep Retrace
ICP is stabilizing after a violent spike, which sent price into the $9.84 range before a sharp reversal wiped out most of the breakout.
The move created extreme volatility, driven by aggressive momentum buying followed by forced exits and profit-taking across the upper range.
Large vertical rallies like this often represent blow-off tops, where emotional buying meets low liquidity, causing a fast expansion and equally fast collapse.
After such moves, the market typically enters a reset phase, where price tries to find a fair value supported by organic demand rather than hype-driven momentum.
Near-term price action remains under pressure, and structure only shifts if ICP forms a higher low supported by sustained buying volume.
Fast Expansion → Hard Reversal
ICP printed a vertical breakout into $9.849, followed by a deep rejection, confirming a liquidity sweep at the top of the move.
Early breakout buyers took profit while late entries absorbed the full volatility.
The $3.50 region has now become the decision zone — holding this level could invite reaction flows, while a breakdown can open room toward the lower consolidation range.
High volatility = high risk — react to levels, not emotions.
