Technical analysis by CryptoNuclear about Symbol ICP: Buy recommendation (9/4/2025)

At the moment, ICP is standing at a very critical crossroads. The weekly chart shows the price retesting the historical demand zone around $4.10 – $4.79. This area has repeatedly acted as a strong accumulation base in the past, triggering significant rallies. However, the more often this zone gets tested without a breakout to the upside, the higher the risk of a breakdown. --- 🔎 Key Technical Structure 1. Long-Term Trend: ICP remains in a broad downtrend since launch, with failed mid-term rallies along the way. 2. Demand Zone $4.1 – $4.8: A psychological and historical support area, holding the price since 2022. 3. Layered Resistances: Key levels to watch are $5.98, $6.90, $9.53, followed by $15.28, $18.74, and $22.49. Breaking through these would confirm a larger bullish reversal. 4. Final Support Below: If breakdown occurs, the next major level sits at $2.827 — a historical low. --- 📈 Bullish Scenario Validation: A strong weekly bullish close within or above $4.1–$4.8, supported by rising volume, would signal potential accumulation. Short-Term Target: $5.98 – $6.90 → reclaiming this range could push ICP toward $9.53. Mid-Term Target: If momentum continues, ICP could revisit $15.28 – $18.74, and even $22.49. Potential Pattern: A double bottom / W pattern would form if price closes above the $6.9 neckline. --- 📉 Bearish Scenario Breakdown Confirmation: A weekly close below $4.10 = strong bearish continuation signal. Downside Target: Price may slide toward $2.827 (historical low). Seller Dominance: A breakdown with rising sell volume would confirm extended bearish control. Risk Factor: Losing this demand zone would likely extend ICP’s bear cycle significantly. --- 📊 Price Action & Patterns Sideways Range in Demand Zone: Currently, price is moving sideways within demand → this is a classic setup for accumulation or distribution. Breakout Above: Signals accumulation → start of a potential uptrend. Breakdown Below: Signals distribution → likely deeper decline. --- ⚖️ Conclusion ICP is at a make-or-break zone: Holding above $4.1–$4.8 could spark a strong reversal rally back toward $6.9 – $9.5, with higher targets possible. A breakdown below $4.1 would expose ICP to a retest of the $2.8 low, keeping the long-term bearish structure intact. 📌 For traders, this is the time to wait for weekly candle confirmation & volume before committing. 📌 For long-term investors, this zone offers a high-risk but high-reward accumulation area — strict stop losses are essential. --- #ICP #ICPUSDT #CryptoAnalysis #WeeklyChart #SupportResistance #TechnicalAnalysis #SwingTrading #Altcoins #CryptoStrategy