$ICP Price Rally – My Analysis 📈
$ICP is currently trading at $11.401, gaining nearly 6% with strong momentum toward its 24-hour high of $11.421.
Key Levels in Play:
Support: $11.13 as a base; $10.80 provides additional stability.
Resistance: $11.42 needs to be broken for further bullish potential, targeting $11.60 next.
Trade Insights:
Bulls: Entry near $11.13, aiming for $11.42 and $11.60, with $11.00 as a stop.
Bears: Short below $11.13, targeting $10.80, with $11.20 as a stop.
With RSI at 91.06, the market is in overbought territory, indicating possible profit-taking. Watch for breakout signals above resistance levels!