Technical analysis by The_Quantastic about Symbol ICP: Buy recommendation (12/11/2024)

ICPUSDT was in a downtrend throughout the 2022-2023 period. However, with the start of 2024, the first bullish move pushed the price from $3 to $20. The selling pressure in the $20-23 range was not surprising, and the resulting decline caused the price to drop by as much as 72%. The second half of 2024 mostly consisted of consolidation. Following the election results in the United States, the price began trending upward again. I believe the price will continue its upward movement from the last consolidation zone, first reaching $23 and then potentially moving towards $38. The positive market sentiment and notable advancements in ICP's use cases will likely support the price.