$ICP Short-Term Recovery Watch 📊
ICP has cooled down after a strong impulsive move 🚀 and is now trading inside a descending channel 📉, which looks like a healthy correction, not a breakdown. Price is holding a strong demand zone around 3.10–3.15 🟢 where buyers previously stepped in. As long as this support remains intact, the structure favors recovery over panic selling. RSI has reset from overbought levels and is moving back toward neutral ⚖️, often a signal that the next move is being prepared.
From a trading perspective, patience is key ⏳. A solid hold above the support zone can lead to a bounce toward 3.25 🎯, followed by 3.37. If momentum accelerates and price breaks the channel to the upside 🔼, the next major resistance sits near 3.50–3.52. A clean breakout above this area would shift short-term control back to the bulls 🐂. Always manage risk — losing the 3.05 level ❌ would weaken this setup and delay upside expectations.
