ICP/USDT: The current price of 10.51 indicates that buying power is gradually weakening, close monitoring of support is needed.

Detailed analysis:

Current price: 10.51 (+2.76%), still within a slight recovery zone after a sharp decline earlier.

Resistance: 10.84, if this level is surpassed, the short-term uptrend may continue to 11.49.

Support: 10.24, the price needs to stay above this level to avoid dropping to a lower range at 9.91.

RSI: 38.4, indicating that the price is in an oversold state, but selling pressure remains.

MACD: The signal line (DEA) is lower than the MACD line (-0.018), indicating that the downtrend still prevails.

Trading strategy:

Entry point: Consider at the level of 10.24 if a stronger bullish signal appears.

Take profit: Short term at 10.84, medium term at 11.49.

Stop loss: If the price drops below 10.20, exit the position to reduce risk.

Overall assessment:

ICP is in an accumulation phase with significant selling pressure still present. To maintain the recovery trend, the price needs to surpass the threshold of 10.84 with increased trading volume.

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