š #ICP has recently broken out of a falling wedge, a bullish signal !Ā increasing trading volume. The asset is currently retesting this breakout.
The upper trendline of the wedge is now acting as support for $ICP. If this retest is successful, the probability of a 50-100% bullish rally is very high.
However,Ā if the retest isnāt successful,Ā There is a major support level at $6.6-$5.90. This zone is packed with liquidity .
ā ļø If the $$6.6-$5.90 zone fails, the next key level is $3.5. This support needs to hold to maintain the bullish outlook.
ā ļø If $ICP continues to fall below these levels, the bullish scenario will be invalidated, leading to a deeper bearish trend.
