ICP is still trading within a long-term descending channel on the weekly chart, with the price currently at the lower boundary.

The momentum to the downside is fading,

If this level holds, here are the key targets for upward movement to watch:

• $3.50 – first resistance zone

• $5.00 – mid-range of the channel

• $7.50 – major resistance zone

• $10+ – macro breakout zone

A confirmed breakout above the channel would signal significant changes in structure and open the door for much larger movement.

At this moment, this level is critically important. The reaction here will likely determine the next trend.$ICP

ICP

2.25

+1.62%