Yello, Paradisers! Has #ICP just hit a critical roadblock after breaking out of its descending channel, or is this just a pit stop before a bigger move? Let’s dive into #InternetComputer analysis:

💎#ICPUSDT recently broke out of its long-standing descending channel, signaling a potential shift in momentum. However, this breakout was immediately met with resistance at the $10.50-$12.00 supply wall—a critical zone that has halted the upward movement. For the breakout to gain traction, #ICP needs a decisive daily candle close above this level, opening the door for a potential rally toward the major resistance zone at $16.00-$18.00.

💎The rejection at the supply wall has forced #ICPUSD back into a consolidation phase, with immediate support now forming around the $8.65 level. Below that, the broader demand zone between $8.65 and $6.30 will be the line in the sand for bulls. If #ICP holds above this zone, the bullish structure remains intact, and any dips into this region could offer solid re-entry opportunities for buyers.

💎However, a breakdown below $6.30, especially with a daily close, would invalidate the bullish breakout and signal a potential return to bearish territory. This could send #ICP spiraling back toward $4.00, wiping out recent gains and punishing overleveraged traders.

💎The volume will be the key to confirming the next move. Bulls risk losing momentum without a surge in buying activity to break through the supply wall. Conversely, a strong breakout above $12.00 could reignite bullish sentiment and push prices to test the $16.00-$18.00 zone, where profit-taking is likely to occur.

Stay focused, patient, and disciplined, Paradisers

🥂

     MyCryptoParadise
iFeel the success

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