ICP has started pumping again and the chart is giving a very clear reason. This move is not random. It is a classic breakout after a long period of compression.


What the chart is saying

On the 4H timeframe, ICP spent a long time moving sideways and building a base around the 3.06 area. When price stays flat for that long, it usually means sellers are getting exhausted and liquidity is building. Once the range breaks, price often moves fast because many traders enter at the same time.


Why the pump happened

First, ICP broke out from a long consolidation range. That type of breakout usually attracts new buyers because the risk is easier to manage.

Second, volume expanded strongly during the move. Big volume on a breakout is one of the best signs that buyers are really active.

Third, the move likely triggered short covering. After long sideways ranges, many people short the top of the range. When price breaks up, shorts get forced to close, which adds fuel to the pump.

Fourth, once ICP reclaimed round levels like 3.50 and 4.00, momentum traders and late buyers often jump in, creating the steep stair step push you see.


Current situation

Price ran to around 4.82 and is now pulling back and stabilizing near 4.48. This is normal after a strong impulsive move. The next direction depends on whether price holds the first support zone or loses it.


Key levels to watch

Resistance is 4.82 as the local top. If that breaks again, 5.00 becomes the next psychological magnet.

Support is 4.20 to 4.30 as the first pullback zone. Below that, 4.00 is the major psychological support. If 4.00 fails, watch the 3.62 area and the base zone near 3.06.


Trade plan idea for confirmation traders

Bullish continuation if price holds 4.20 to 4.30 and reclaims 4.82 with strength. That can open a move toward 5.00 and continuation.

Bearish pullback if price loses 4.20 to 4.30 and fails to reclaim it. That can drag price toward 4.00 and possibly 3.62.


Risk note

After a pump, volatility increases. Do not chase green candles. Wait for either a pullback hold or a clean breakout confirmation.


Not financial advice. Always use risk management.