Technical analysis by Mihai_Iacob about Symbol ICP: Buy recommendation (10/4/2025)

Since the low from early April, ICP has traded within a well-defined range between $4.5 and $6.0. Recently, the price broke below the range support, reaching as low as $4.0, but this move lacked follow-through. Instead, ICP quickly rebounded — a classic false break signal. This rebound also resulted in a break above the descending trendline that started in mid-August, giving the chart a decisively bullish tone. At this stage, all signals point toward further upside continuation, with the upper boundary near $6.0 as the first natural target. However, considering that false breaks in one direction often lead to real breaks in the opposite, there’s a strong possibility that ICP could break above $6.0 in the medium term, potentially accelerating toward the key $10.0 zone. ________________________________________ ✅ Key Takeaways: •Range: $4.5 – $6.0 •False break below $4.0 reversed quickly •Trendline from August broken to the upside •Bullish outlook → targets $6.0 and possibly $10.0