After an extended period of consolidation and underperformance following its all-time high, ICPUSDT has established a significant base and is demonstrating a strong recovery from its historic lows. The price is currently encountering a primary test at the key descending trendline resistance on the daily chart.
The technical structure suggests that the asset is accumulating strength for a potential breakout. A decisive and sustained move above this trendline could signify a major shift in market structure, potentially initiating a powerful bullish impulse. Based on the scale of the prior accumulation phase, such a breakout could project an initial upward move toward the $20.00 level, representing a potential appreciation of several hundred percent from current levels and even more pump after that may happen.
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The technical structure suggests that the asset is accumulating strength for a potential breakout. A decisive and sustained move above this trendline could signify a major shift in market structure, potentially initiating a powerful bullish impulse. Based on the scale of the prior accumulation phase, such a breakout could project an initial upward move toward the $20.00 level, representing a potential appreciation of several hundred percent from current levels and even more pump after that may happen.
DISCLAIMER: ((trade based on your own decision))
<<press like👍 if you enjoy💚
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My telegram channel:
t.me/mmbtchannel
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned messages in my telegram channel for more info.
Penerbitan berkaitan
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.