Technical analysis by CryptoAnalystSignal about Symbol ICP: Buy recommendation (12/31/2025)
#ICP/USDT The price is moving in a descending channel

#ICP The price is moving in a descending channel on the 1-hour timeframe. It has reached the lower boundary and is heading towards breaking above it, with a retest of the upper boundary expected. We have a downtrend on the RSI indicator, which has reached near the lower boundary, and an upward rebound is expected. There is a key support zone in green at 2.77. The price has bounced from this zone multiple times and is expected to bounce again. We have a trend towards stability above the 100-period moving average, as we are moving close to it, which supports the upward movement. Entry price: 2.82 First target: 2.87 Second target: 2.94 Third target: 3.03 Stop loss: Below the support zone in green. Don't forget a simple thing: capital management. For inquiries, please leave a comment. Thank you.
