The analysis for ICPUSDT indicates a prevailing bearish momentum after the asset failed to hold key levels last week. The speaker identifies a significant support zone for ICP, ranging between $3.20 and $3.30, which encompasses a liquidity gap, the previous month's VWAP, and the previous quarter's value area low. He anticipates further short-term bearish pressure, with the price likely to push down into this strong support region, potentially around $3.25. From this anticipated support, a bullish bounce is expected, targeting price levels of $3.55 to $3.60. The analysis suggests that while this bounce presents an opportunity, it is unlikely to initiate a sustained bull run, and bearish pressure is expected to resume thereafter. Futures Cumulative Volume Delta (CVD) shows an increase, but spot selling activity indicates a lack of strong conviction for a full trend reversal.