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Technical analysis by H8rH8r about Symbol ICP: Buy recommendation (2/16/2025)

https://sahmeto.com/message/3248462
H8rH8r
H8rH8r
Rank: 31332
0.9
Buy،Technical،H8rH8r

ICP has great fundamentals but has under-performed the rest of the crypto market. With ICPanda (icp project) linked to deepseek, the potential for the upside is HUGE. Potential price manipulation by institutions to scoop up cheap ICP. Technically, the chart looks poised for an explosive move up. It has broken out of a long term resistance (yellow down-trending line) and is now back testing. It has done this in the past and seems to be repeating a similar move. In addition, there's a confluence of technical signals as its also at price support (blue line) that is now at support which has held for a year after being resistance for a year. RSI is oversold and IMO, price should return back to 70s at the very least.Nothing is a guarantee and anything could happen. This is not financial advice.

Translated from: English
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Signal Type: Buy
Time Frame:
1 day
Profit Target:
$80
Price at Publish Time:
$7.07
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