Will ICP reach the $18 level first or even the $9.5 level??
Based on the 1W chart, ICP shows that there is a demand zone in the price range of $10.5 to $9.5, which in short means that the best buy area is there.
If you look at it from a bullish perspective, ICP needs to break the price of $18.78 and make an HL in that price range so that it can continue its uptrend towards the price of $24 and explode to above $50 and so on... but I wonder which level ICP will reach. first??
It's a bit difficult to say "it will definitely be like this or that", because it comes back to the question; "market will do whatever it wants to do".
According to the KST indicator, we can see for ourselves that here there is a tendency for the price to retrace to the $10.5 demand zone and currently the indicator is not giving a bullish signal, and if we look at the black line there I mean the last time the KST indicator gave a bullish crossing signal ; ICP prices rose sharply.
Well, if you look at the candlestick, there is still no indication of a reversal, yes it is possible that the ICP could spike sharply, but what is more realistic is that the ICP will correct slightly to take a breath and gather energy to continue running upwards.
We also have to focus on macroeconomic factors, especially regarding the FED Rate decision, just yesterday there was news about US inflation finally decreasing, this news is quite good for the market because Bitcoin immediately reacted positively, maybe we can see there will be rate cuts soon, when does that happen?? God only knows.
Best move?? In my personal opinion, maybe we should still do DCA, and if the price has reached the "VERY good buying opportunity" level, then maybe we can be a little more enthusiastic about accumulating.
You have to have an exit target too, $100 to $200 for ICP in this bull run in my opinion is realistic and close, above $500?? Hopefully, but we'll see what happens in 2025.
Maybe that's all about the ICP market outlook, thank you for those who have read to the end, this is an original post from my own thoughts, everything I post on the RPK_585 account is full original, so, follow for support.
Good Luck To AllđȘđ»
NFA & DYOR.
Just some insights here from me.
~R~
