ICP at Critical Support – Recovery Bounce or Further Drop?

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ICP is currently trading around $2.38 after breaking its previous bullish structure and entering a corrective phase following the recent Bitcoin-led market crash. The uptrend has already been invalidated, and price is now testing a key support zone around $2.30.

Previously, ICP showed strength after breaking above $2.90 resistance, but the failed retest from below confirmed a bearish shift in structure. Since then, sellers have taken control and pushed the market into the current support area.

📊 Key points covered:
• ICP bullish structure breakdown
• Failed retest of $2.90 resistance
• Importance of $2.30 support zone
• Liquidity sweep and short-term bounce setup
• Bullish scenario back toward $2.90
• Bearish scenario targeting $2.00

As long as ICP holds above $2.30, a relief bounce remains possible. However, a confirmed breakdown below this level could open the door for further downside pressure.

For now, the market is at a critical decision zone that will determine the next major move.

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Видео ICP at Critical Support – Recovery Bounce or Further Drop? канала Shah Faisal Shah