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$ICP Breakout and Price Analysis💡📜
Resistance Level:
$16: The key resistance that must be broken for confirmation of a bullish trend continuation.
Breakout Scenario:
Conditions for Confirmation:
A daily close above $16 with significant volume.
Sustained momentum supported by RSI staying below overbought territory (~70).
Price Targets Post-Breakout:
Short-Term Target: $18
Mid-Term Target: $20–$22
Rejection Scenario:
If ICP fails to break $16:
Expect a retracement to support zones:
First Support: $14.50–$14.00
Deeper Support: $13.50
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Conclusion:
A breakout above $16 is crucial for the continuation of ICP’s rally. Watch for increased volume and strong candles closing above the resistance to confirm. If rejected, prepare for a correction to the stated support levels.
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