Technical analysis by BINDIsCOINs about Symbol ICP: Buy recommendation (1/1/2026)

Happy New Year everyone. This is my take on current ICP Price action on 1D chart timeframe. Yesterday, a very nice Bottoming Tail (marked at top of white arrow) was printed after piercing the support trendline in orange that was a previous very important pivot low (marked with a green arrow) of $2.789 on October 30, 2025. This created a nice bounce up with decent volume forming a new recent low price of $2.662 and possibly another very important pivot low signaling a trend reversal. This shows strong buyer interest and makes a good bullish case with decent volume defending this level. Take note of what happened the last time this price action took place and you will see that the price increased to $9.849 (253.14%) in a matter of 9 days! Also, take into account each resistance area marked in order from pink, blue, yellow, and lastly green, where price may pause briefly (or be rejected) on the way up. Another bullish factor is the possible breakout at the top of the down sloping parallel channel, this will need to be confirmed tomorrow with a close above the wick price from today's candle. The top descending trendline in white that starts from $15.577 on December 7, 2024 and connects to the most recent high of $9.849 on November 8, 2025 will be the first price target of $8.788. If history repeats itself and the price moves up 253.14%, then the target becomes $9.708. Overall, a very interesting scenario and a very bullish set up with a possible journey to around $9.00.