#美SEC促进加密资产创新监管框架 Looking at ICP's recent trend, it's clear on the 4-hour chart that it’s still moving downward. The price keeps hitting new lows and is currently stuck in a descending channel.
There are a few key levels to watch: on the upside, 3.85 is a strong resistance—what used to be a demand zone has now flipped into a supply zone. If it does manage to break through, then 4.46 is the next hurdle. On the downside, 2.83 is the previous low and serves as a key support level.
Right now, the price is lingering just below 3.85, with the upper trendline consistently capping any upward movement. If it can’t break through, the downtrend is likely to continue. If it breaks below the current consolidation low, that would be a clear bearish signal.
Here’s a possible trading plan: Entry around 3.614 Target levels at 3.335 and 3.055 Stop loss set above 3.800
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SnapshotDayLaborer
· 12-03 14:52
This ICP thing keeps digging itself into a hole every day. I think this time it’s really in trouble.
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gas_fee_trauma
· 12-03 14:51
ICP, this crappy coin is really driving people crazy. Why can't it get past the 3.85 mark...
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RektButAlive
· 12-03 14:37
ICP's downtrend channel is really done for now; 3.85 is just a flimsy ceiling, and it doesn't even dare to break through.
#美SEC促进加密资产创新监管框架 Looking at ICP's recent trend, it's clear on the 4-hour chart that it’s still moving downward. The price keeps hitting new lows and is currently stuck in a descending channel.
There are a few key levels to watch: on the upside, 3.85 is a strong resistance—what used to be a demand zone has now flipped into a supply zone. If it does manage to break through, then 4.46 is the next hurdle. On the downside, 2.83 is the previous low and serves as a key support level.
Right now, the price is lingering just below 3.85, with the upper trendline consistently capping any upward movement. If it can’t break through, the downtrend is likely to continue. If it breaks below the current consolidation low, that would be a clear bearish signal.
Here’s a possible trading plan:
Entry around 3.614
Target levels at 3.335 and 3.055
Stop loss set above 3.800
$ICP $ETH $SOL