The analysis focuses on ICPUSDT, noting a loss of momentum and decreasing trading volume, potentially the lowest in two weeks. It anticipates ICP to test levels at $5.5 and $5.4. A breakout above $6.5 to $6.6 was previously considered, but confirmation never materialized. The analyst mentions a liquidity stress in the US markets, and increased volatility index impacting ICP's correlation with Bitcoin, currently mirroring equity movements. Given market conditions the analyst no longer thinks there is as much of a chance to rally from 5.4-5.5, dropping towards $5 and $4.9 being more likely. If the market conditions change the predictions may change as well. If the conditions worsen, a further push downwards should happen. A rally should happen from that 4.9 zone.