($ICP )
Current Price: ~$2.35
Liquidity Grab + Reversal
ICP saw an 11% weekly drop early in February, which shook out a lot of weak hands. The $2.22 level has been acting as a strong reversal zone. If it holds again, that's a textbook bounce setup right there.
Signal ā $2.22 is the key reversal zone. A hold here likely triggers a bounce.
Funding Rate
Here's where I'd pump the brakes a little ā ICP has surged 22.6% in just 7 days. That's a big move very fast. After a rally like that, funding rates tend to flip positive, meaning too many longs pile in and the trade gets crowded. A short-term retracement before the next leg up is very possible.
Signal ā Big surge = possible funding rate flip. Watch for a pullback before entering.
CVD Divergence
This is actually the good news for ICP ā volume jumped 115.9% in the last 24 hours alongside the price rise. When price and volume move up together, that's real bullish confirmation. It's not a fake pump ā the volume is backing it up.
Signal ā Volume and price rising together = genuine bullish momentum.
Asian Session Breakout
There's a falling wedge forming on the chart ā technically a bullish reversal pattern. When that wedge breaks, the move can be sharp and fast. Targets of $3.00ā$5.00 become realistic on a confirmed breakout during London or New York session.
Signal ā Falling wedge breakout incoming. Target $3.00ā$5.00.
Order Block
There's a big fundamental catalyst here ā the "Mission 70" proposal is designed to cut ICP's inflation by 70%. That's a massive deal for the token's value long-term. Order block sits between $2.00 and $2.30, and that level is attracting smart money.
Signal ā Mission 70 = major bullish catalyst. Order block at $2.00ā$2.30.
Volume + Gem Alert
ICP is top 10 in GitHub commits ā the team is genuinely building. And whale accumulation has reached all-time highs. When whales are quietly stacking and dev activity is strong, it's usually not a coincidence.
Signal ā Whale accumulation at ATH + strong dev activity = smart money loading up.
ICP Verdict ā Bullish medium-term but overbought short-term. Wait for a small pullback to enter. Target $3.00ā$5.00. Stop loss below $2.00. #USRetailSalesMissForecast #USTechFundFlows #icp #saifuddin2k25
