$ICP is showing strong 1H momentum after breaking out from the $2.20–$2.25 area and pushing into the $2.35–$2.40 region. The sharp rally has brought price close to the recent high, so a short-term cooldown or liquidity sweep would not be surprising before the next directional move.
The main demand shelf remains around $2.20–$2.22, where the breakout began to build. A pullback into $2.20–$2.25 followed by a strong reaction would keep the bullish structure intact and could give buyers another opportunity to push higher.
If that zone holds, #ICP can reclaim $2.30–$2.40, with a clean 1H breakout above $2.40 potentially extending the move toward $2.45–$2.50. The first major hurdle is therefore the $2.40–$2.45 area, where profit-taking could appear after the recent acceleration.
On the downside, a sustained loss of $2.20 would be the warning sign that this breakout is weakening, with $2.15–$2.18 becoming the next area to watch. Until then, the 1H structure favors buying pullbacks rather than chasing the current spike around $2.35–$2.40.
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The main demand shelf remains around $2.20–$2.22, where the breakout began to build. A pullback into $2.20–$2.25 followed by a strong reaction would keep the bullish structure intact and could give buyers another opportunity to push higher.
If that zone holds, #ICP can reclaim $2.30–$2.40, with a clean 1H breakout above $2.40 potentially extending the move toward $2.45–$2.50. The first major hurdle is therefore the $2.40–$2.45 area, where profit-taking could appear after the recent acceleration.
On the downside, a sustained loss of $2.20 would be the warning sign that this breakout is weakening, with $2.15–$2.18 becoming the next area to watch. Until then, the 1H structure favors buying pullbacks rather than chasing the current spike around $2.35–$2.40.
#Macro Insights# #Altcoin Season#