🔎 Weekly Market Summary

📈 Recent Price Action & Volume

$ICP has seen strong short-term rallies, with weekly gains up to ~28–40% in some reports, driven by rising trading volume and renewed investor interest.

Volume spikes suggest supply squeeze and accumulation — exchange balances have reduced sharply and liquidity is shifting back into ICP.

🧠 Technical Structure (Weekly Chart)

Support / Resistance

Support: Near the $3.5–$3.8 zone — acting as a base for recent rebounds.

Short-term resistance: ~$4.4–$4.7 — immediate hurdle that needs to clear convincingly for continued bulls.

Medium longer-term resistance: ~$5.0–$6.6 — key if momentum continues.

Moving averages: ICP sits around the 20-week average, but still below the 50- and 200-week averages — indicating mixed trend strength.