ICP’s rebound is losing steam, making the $3 mark crucial!
As of October 16, #icp was trading at around $3.04 after failing to break through $3.50. Daily indicators remain weak, suggesting selling pressure has yet to ease. First, watch support at $2.885. If it breaks, the price could retest $2.83.
The 4-hour chart shows ICP rebounding from $2.83, but momentum has weakened. The RSI has risen to 46.25 but remains below 50, indicating that buyers have yet to gain the upper hand.
Key levels:
Support: $3.00, $2.885, $2.83
Resistance: $3.084, $3.15, $3.227
As of October 16, #icp was trading at around $3.04 after failing to break through $3.50. Daily indicators remain weak, suggesting selling pressure has yet to ease. First, watch support at $2.885. If it breaks, the price could retest $2.83.
The 4-hour chart shows ICP rebounding from $2.83, but momentum has weakened. The RSI has risen to 46.25 but remains below 50, indicating that buyers have yet to gain the upper hand.
Key levels:
Support: $3.00, $2.885, $2.83
Resistance: $3.084, $3.15, $3.227