$ICP $2.67 (-2.9% per day)
A week ago there was a sharp rise to $3.06–$3.12 on news about DFINITY’s partnership with UNDP and the overall capital rotation in the AI/infrastructure narrative. Since September 8 — a correction, and this is the second downswing wave.
Funds flow for the day: net outflow of -247.8k USDT. Large orders -47k, medium -190k (the main contribution), small orders almost neutral -10.8k. This looks like unloading positions from those who entered on the rally, rather than a panicked selloff by retail traders.
The price is currently squeezed between the nearest support ~2.60–2.63 below and a cluster of moving averages 2.70–2.76 above; both are trending down. A break below 2.60 opens the way to the pre-rally base at 2.40–2.45. Consolidation above 2.75 on volume is a signal for a retest of 2.85–2.90.
I’m not entering myself: the move has already been played out, and the volume of the last candle is below average—there’s no confirmation of a reversal yet in either direction. I’m waiting either for a reaction to a test at 2.60, or for consolidation above 2.75.
Anyone who already managed to get in on this bounce, or are you also waiting for a clearer signal?
A week ago there was a sharp rise to $3.06–$3.12 on news about DFINITY’s partnership with UNDP and the overall capital rotation in the AI/infrastructure narrative. Since September 8 — a correction, and this is the second downswing wave.
Funds flow for the day: net outflow of -247.8k USDT. Large orders -47k, medium -190k (the main contribution), small orders almost neutral -10.8k. This looks like unloading positions from those who entered on the rally, rather than a panicked selloff by retail traders.
The price is currently squeezed between the nearest support ~2.60–2.63 below and a cluster of moving averages 2.70–2.76 above; both are trending down. A break below 2.60 opens the way to the pre-rally base at 2.40–2.45. Consolidation above 2.75 on volume is a signal for a retest of 2.85–2.90.
I’m not entering myself: the move has already been played out, and the volume of the last candle is below average—there’s no confirmation of a reversal yet in either direction. I’m waiting either for a reaction to a test at 2.60, or for consolidation above 2.75.
Anyone who already managed to get in on this bounce, or are you also waiting for a clearer signal?