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ICPUSDT
Short Entry 4.0620 2025-11-23 15:32 UTC
Target 3.5000 Fail 4.6000
Risk/Reward 1 : 1
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ICPUSDT
Pending
Cryptocurrency
Technical
1H
Analysis Predict Bear Market
The analyst discusses Internet Computer (ICP), noting a recent rally from $5 to $6, followed by a strong rejection at the 30-day rolling VWAP. Volume and momentum never reached levels of previous sustainable rallies. The analyst indicates a resistance level around 4.5 to 4.6, then mentions the most probable scenario is ICP continuing its decline toward the next support level at 3.4 to 3.5. The analyst states a possible long opportunity if new momentum and volume emerge, accompanied by a reclaim of the 4.5 level.
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