Technical Analysis for $ICP
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Current Price: 10.702 USD
Trend: Positive
Price Action: ICP has seen a rise of 8.82% in the past 24 hours, indicating bullish momentum. It is approaching resistance levels near 10.874 USD.
Support Level: 9.808 USD (24h Low) - key support for maintaining the bullish trend.
Resistance Levels:
Immediate Resistance: 10.874 USD (24h High)
Strong Resistance: 11.20 USD (psychological level)
Momentum Indicators:
RSI is nearing the 70 mark, suggesting that ICP is in the overbought zone, which could signal a slight pullback.
MACD is showing a strong upward momentum, confirming continued bullish movement.
Trade Signal:
Buy at 10.70 USD or higher if it breaks resistance at 10.874 USD.
Sell/Exit strategy if price approaches 11.20 USD for a potential profit-taking point.
Stop Loss below 9.80 USD to minimize risk.
Target Levels:
1. Target 1: 10.95 USD
2. Target 2: 11.20 USD (Strong resistance area)
3. Target 3: 11.50 USD (New high projection)
Trade Momentum: Moderate to High, as the bullish momentum is strong, but approaching overbought conditions might lead to pullbacks. Ideal for short-term traders.