The analysis focuses on ICP/USDT, highlighting its recent decline to support levels. Yesterday the analyst noted the potential for a drop to the 5.5 level and this came to pass. It is currently testing support. A support level at $5 is identified, with a 200 EMA and point of control adding confluence. The analysis suggests the price may drop further to $4.8 - but expects support to be found. If this does not hold, the last major imbalance is at 4.4. Bitcoin's correlation with ICP is noted to be 60%. The analyst anticipates a new rally, targeting $6 and potentially $6.5, contingent on Bitcoin finding a strong local bottom. A stop loss below $4.2 is recommended. Overall, he does not expect a rally at this time, and anticipates a drop to the 4.4-4.8 levels.