$ICP Technical Analysis;
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⢠ICPâs momentum is strong compared to other cryptos, but not yet bullish in the 4-hour timeframe.
⢠Total value locked (TVL) for ICP has increased, with decentralized applications (dApps) seeing growth.
⢠The correlation between Bitcoin and ICP is decreasing, which is intriguing.
⢠ICPâs technicals are currently neutral but have a history of manipulation.
⢠Short-term, thereâs bullish sentiment on ICP both technically and fundamentally.
⢠ICP has broken above the historically strong $14 level.
⢠The main resistance lies between $15 and $15.5, along with the 200 EMA and a trend line.
⢠A bullish breakout above this resistance could lead to a rally up to $17.5-$18.5.
⢠However, itâs likely that ICP will reach the resistance level and then drop back down.
⢠If Bitcoin turns bullish within 24 hours, ICP might break above the resistance level later on.
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