🚨 ICP drops -16.26% — Layer 1 collapse continues 🚨
$2.23. This is the price of one of the most controversial Layer 1 coins in the market right now.
📉 The collapse:
Price: $2.230 (-16.26% in this movement, -26.64% in 7 days)
Key level: Broke below MA60 at 2.311
Volume: 62 thousand – above average. This is distribution, not accumulation.
🔍 What is happening?
This is not a pullback. This is a collapse.
When a major Layer 1 coin loses the MA60 with volume above average and double-digit losses across all timeframes, the message is clear: sellers are in full control.
⚠️ Can Kim反弹?
Maybe. But rim反弹 dead cat is a trap. Until ICP recovers $2.31, this chart screams risk.
🎯 For traders:
Sell bias below 2.31.
Next targets: $2.10, then $2.00.
Consider buying only on a strong reclaim of 2.31 with volume.
Sometimes the best trade is no trade. This might be one of those times. 👀