$ICP Update.
Price is now pressing into the weekly downtrend that has capped every major recovery since the start of 2026.
The important part here is not just a wick through the trendline. I want to see acceptance above it, ideally followed by a weekly close that keeps price separated from the breakout area. That would shift this from another lower high into an actual structural break.
The 2023 lows are still acting as the broader base beneath price, and momentum has been improving since the summer lows.
If this breakout holds, $10 remains the first major target. For me, that is still the first checkpoint, not the final destination.
Price is now pressing into the weekly downtrend that has capped every major recovery since the start of 2026.
The important part here is not just a wick through the trendline. I want to see acceptance above it, ideally followed by a weekly close that keeps price separated from the breakout area. That would shift this from another lower high into an actual structural break.
The 2023 lows are still acting as the broader base beneath price, and momentum has been improving since the summer lows.
If this breakout holds, $10 remains the first major target. For me, that is still the first checkpoint, not the final destination.
