$ICP /USDT – BEARS SLOWING DOWN, BATTLE AT SUPPORT
Current Price: $3.070
24H Change: +2.20%
24H High: $3.494
24H Low: $2.983
Sector: Layer 1 / Layer 2
Market Overview:
$ICP is coming off a strong downside move and is now attempting to stabilize near a critical demand zone. After continuous selling pressure, price has started to print small-bodied candles, signaling that bears may be losing momentum and a short-term reaction could be near.
Technical Structure (15m):
Price is trading below MA(25) and MA(99), confirming the broader bearish trend.
MA(7) is flat near price, indicating short-term balance between buyers and sellers.
Structure shows a slowdown in the downtrend, not yet a reversal.
Volume Analysis:
High sell volume appeared during the drop, showing capitulation.
Recent volume is mixed and declining, suggesting selling pressure is cooling and the market is waiting for direction.
Key Levels to Watch:
Support Zones:
Primary Support: $3.040 – $3.000
Major Support: $2.950
Resistance Zones:
Immediate Resistance: $3.120 – $3.150
Major Resistance: $3.200 – $3.260
Possible Scenarios:
If $3.00 holds firmly, a relief bounce toward $3.15 – $3.20 is possible.
A breakout and close above $3.26 would signal a trend shift attempt.
If $2.98 breaks, downside continuation toward $2.90 – $2.85 may follow.
Tg1:
Scalpers can watch $3.02 – $3.06 for quick reaction trades with tight stops.
Tg2:
Swing traders should wait for a confirmed close above $3.15 with volume before entering longs.
The:
This is a patience zone. Trend is still weak, but exhaustion signs are visible. Smart traders wait for confirmation, not hope.
$ICP is at a crossroads.
The next push will decide whether this is just a pause — or the start of a reversal.
