#ICP remains in a clear daily downtrend, respecting the descending red trendline and printing lower highs. Price is currently #trading around $2.40 inside a key demand zone between roughly $2.10,$2.70, where buyers are attempting to stabilize the sell-off. As long as ICP holds above $2.10, a short-term bounce toward the $2.70,$3.00 area is possible, with a larger resistance level sitting near $4.70. However, failure to hold this demand zone would likely lead to continuation lower and keep the broader structure firmly bearish. #crypto
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#ICP remains in a clear daily downtrend, respecting the descending red trendline and printing lower highs. Price is currently #trading around $2.40 inside a key demand zone between roughly $2.10,$2.70, where buyers are attempting to stabilize the sell-off. As long as ICP holds above $2.10, a short-term bounce toward the $2.70,$3.00 area is possible, with a larger resistance level sitting near $4.70. However, failure to hold this demand zone would likely lead to continuation lower and keep the broader structure firmly bearish. #crypto