Technical analysis by tradecitypro about Symbol ICP on 6/10/2025

👋 Welcome to TradeCity ProIn this analysis, I want to review the ICP coin for you. The Internet Computer project operates in the fields of artificial intelligence and DePIN.⭐ The coin of this project, with the symbol ICP, has a market cap of 3.25 billion dollars and ranks 32nd on CoinMarketCap.📅 Daily TimeframeAs you can see in the daily timeframe, there is a descending trendline visible on the chart, which has been tested multiple times. The price has broken above it and is now sitting just below the 6.205 resistance level.🔍 In recent candles, the volume has increased significantly, which raises the likelihood of a breakout above 6.205.🔔 If the 6.205 level is broken, ICP's bullish trend could begin. In that case, the price could move toward the 7.423 and 9.887 levels.📊 Entering a position with the breakout of 6.205 is supported by volume confirmation, and we will get RSI momentum confirmation if it enters the overbought zone.📉 For the bearish scenario to play out, the price must first get rejected from 6.205, and then we’ll look for confirmation of a trend reversal with a break below 4.468.🛒 You can also use this same 6.205 trigger for a spot buy, but keep in mind that Bitcoin dominance is still in an uptrend, so in my opinion, it’s not yet the right time to buy altcoins.✔️ The best trigger for buying any altcoin is to wait for confirmation of a trend reversal in Bitcoin dominance. Once that’s confirmed, you can start buying the altcoins you’ve selected.📝 Final ThoughtsThis analysis reflects our opinions and is not financial advice.Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️