ICP / TetherUS
Panjang

The chart presents a technical analysis of ICP/USDT on the 2-wee

332

📊 Technical Overview:
Pattern Identified: A Falling Wedge breakout to the upside — a classic bullish reversal pattern after a prolonged downtrend.

Breakout Confirmation: The breakout occurred near a key support level, increasing the reliability of the move.

Current Candle: Bullish candle above the wedge, confirming breakout strength.

🎯 Potential Price Targets:
First Target: $10.866

Second Target: $14.831
(Implying a potential upside of over +180% from current levels)

📉 Stop Loss:
Positioned at $2.709, below the previous low to invalidate the setup if breached.

✅ Conclusion:
ICP has broken out of a long-term falling wedge after months of correction. The breakout suggests a strong potential for a bullish rally towards the marked targets, as long as it holds above the support region.

Penafian

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