Price analysis of $ICP chart

Current Price: Trading at $11.13, just above the 50-day SMA ($10.83) but below the 9-day SMA ($12.59).

Support: Immediate support at $10.83 (50-day SMA). If breached, look for support around $10.00.

Resistance: Short-term resistance at $12.59 (9-day SMA) and a stronger resistance near $13.50.

Trend: The price is in a short-term correction after a strong rally in November and early December. Momentum is weakening, but the broader trend remains cautiously bullish.

Outlook:

Bullish: A recovery above $12.59 could target $13.50. Bearish: A break below $10.83 could lead to further downside toward $10.00.

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