Technical analysis by Kap_Waves about Symbol ICP on 12/19/2025

Internet Computer is trading at a level that places the market at a clear structural crossroads, where both bullish continuation and deeper corrective risk remain technically valid. From a constructive perspective, the recent low may already represent the start of a new Wave 1 In this scenario, price action is attempting to advance into Wave C of an expanded flat correction. The structure of the advance favors an expanded flat rather than a running flat, as the latter fails to align with proportional Fibonacci measurements. In both bullish and bearish counts, the current projection only remains coherent if the broader correction resolves as an expanded flat. As long as the recent low is respected, the market retains the potential to build a base and progress higher within this framework. An alternative outcome emerges if price violates the marked low. Such a move would negate the immediate bullish interpretation and shift focus toward deeper downside extensions. Under this scenario, ICP could seek support within the 1.382, 1.414, and 1.618 projection zones, areas that typically attract corrective exhaustion. A reaction from those levels would still be consistent with a larger expanded flat, allowing for a subsequent rebound to complete Wave C before the market reveals its longer-term direction. For now, ICP remains balanced between confirmation and invalidation. The behavior around the recent low will determine whether the market is already transitioning into a new impulsive phase or requires one more decline to complete the broader corrective structure.