$ICP Analysis: Consolidation or Breakout?

Internet Computer Protocol (ICP) is currently trading at $11.39, showing a modest 1.21% gain in the past 24 hours. The chart reflects a consolidation phase following a strong upward move, with the price testing the resistance zone around $12.125. The 7-day moving average at $11.431 is acting as a short-term resistance, while the 25-day moving average at $11.304 is providing reliable support. Long-term sentiment remains bullish, with the 99-day moving average at $9.846 significantly below the current price. Trading volume has declined slightly after the recent spike, indicating a potential pause in momentum. A breakout above $12.15 could signal a move toward $12.50 or higher, while failure to hold above $11.20 may prompt a retest of the $10.75 support.

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