ICP bulls sprint to $10, facing challenges!
ICP token price rebounded sharply from the 52-week low of $6, up more than 60% in two weeks. Now, the price has rushed to the key $10, which is the 200-day EMA area.
Buyers took the opportunity to buy and accumulated a lot of tokens, but now it has reached the reversal area and may pull back.
Short-term indicators do not support direct buying, suggesting that there may be a slight decline.
ICP tokens are above the 20-day and 50-day EMAs, showing strong strength. But at the key point of the 200-day EMA, the risk of a pullback also came.
Shorts are waiting around $10, looking for an opportunity to reverse and catch the bulls.
Now the ICP price is $9.96, up 1.36% on the day, with a monthly return of 10.20% and an annual return of 140.20%, which is bullish in the short term.
Analysts say that ICP prices may have greater momentum to break through $12. In terms of market capitalization, ICP ranks 26th with a total supply of 521.2 million.
Can ICP break through the 200-day EMA? It recently broke through the resistance of $9, but has not yet conquered the key area of $10, which is also the intersection of the 100-day and 200-day EMAs.
Some people say that ICP has upward momentum and may continue to rise. Now that ICP prices have rebounded sharply and have significant upward momentum, they may be in the early stages of continuing to higher targets!
Those who like contracts or spot can come and chat.
My points are very accurate, and old fans know what strength is like.
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