$ICP is getting closer to a decision point.
There’s one descending trendline that has been capping the recovery since the 2024 peak.
A clean breakout followed by a successful weekly retest could change the structure, with $5–$6 as the first area to watch, followed by the major resistance at $9.84.
If those levels break and higher lows continue to form, $15.44 and $21.03 come into focus.
But for now, the setup is still unconfirmed.
If the trendline rejects price again, the base around $2 could come back into play.
#CFTCUpdatesGuidanceOnTokenizedAssets
There’s one descending trendline that has been capping the recovery since the 2024 peak.
A clean breakout followed by a successful weekly retest could change the structure, with $5–$6 as the first area to watch, followed by the major resistance at $9.84.
If those levels break and higher lows continue to form, $15.44 and $21.03 come into focus.
But for now, the setup is still unconfirmed.
If the trendline rejects price again, the base around $2 could come back into play.
#CFTCUpdatesGuidanceOnTokenizedAssets
