📌 ICP Technical Analysis: price massiv dumped by rejecting 3 times trendline. price fell from the 20 area down to the 3 range over the multi-year cycle. currently price is trading near 4.41 as it starts to show signs of a structural rebound.
📌 Major Weekly Support Zone:
Strong Support: now its in strong 1 week support zone.
Hold Support: before many times price pumped taching this support zone and it is now acting as a proven historical floor.
Indicators: weekly RSI is beginning to curve upward and is currently neutral, showing that the long-term bearish momentum is finally weakening.
Trend Shift: price is now holding above the 200-day EMA, which is a critical level for maintaining a long-term bullish trend.
📌 Bullish Price Targets: if it hold this support and breaks the next major resistance, targets are:
Target 1: first major structural resistance near 5.19
Target 2: mid-range target near 7.10
Final Goal: long term structural target of 15 – 20 +
