Technical analysis by VIPROSE about Symbol ICP: Buy recommendation (5/24/2025)

VIPROSE

📊 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: $10.866Second 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.