$ICP | Weekly Update… Are we seeing a strong structural rebound? 🚀📈
$ICP is now trading near 4.41 after a significant drop from the 20 area to 3 during the last cycle.
Now, the first signs of a structural rebound are appearing 📌
🔹 Main weekly support area:
- Strong support: the price is in a very strong weekly support area
- Historically solid support: previously, the price has bounced from the same area several times, making it a strong floor
- Positive indicators: the weekly RSI has started to bend upwards and is neutral, indicating weakening long-term downward momentum
- Important shift: the price is now exceeding the 200-day average, which is a critical level to maintain a long-term upward trend
🎯 Upward price targets:
If the price maintains this support and manages to break the next major resistance,
the potential targets are:
🎯 Target 1: 5.19
🎯 Target 2: 7.10
🎯 Final target: 15 – 20+
The structural rebound starts from here…
And if the support continues, we may witness a strong upward wave 🚀
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