ICP/USDT Market Outlook: Bullish & Bearish Scenarios

Bearish Outlook:
ICP faces short-term downward pressure, with most moving averages signaling a sell. Key indicators like Momentum and MACD are also negative, suggesting further downside towards $7.50-$7.80 USDT in the near term. Unless a major reversal occurs, ICP may remain under pressure, trending within this range over the next few months.

Bullish Outlook:
ICP has strong support at $7.18-$7.37 USDT, which could act as a foundation for a bullish reversal. If the price breaks above $8.60 USDT, momentum may shift, with potential targets at $10.50-$12 USDT in the next few months. A breakout beyond $11.86 USDT could even push it toward $15 USDT, especially if driven by market demand or positive news.
Stay informed and watch key support and resistance levels for potential opportunities!

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