As one of the most dormant RWA tokens, ICP has done nothing more than move sideways during the last fifteen days. The failure to break above $15.34 has maintained the bearish sentiment.
Similarly, the RSI (Relative Strength Index) is not pointing to a positive conclusion. Calculated on a scale from 0 to 100, this technical momentum indicator indicates overbought conditions above 70 and oversold conditions below 30. The neutral 50.0 mark is where it is at the moment. If this level becomes support, it might mean that price recovery is still possible.
The price of ICP might surge to $17.92 if this happens, breaking through the $12.91 and $15.34 resistance levels.
