Brief Analysis ——ICPThe brief analysis yesterday received a lot of discussion in our community. So we continue to bring a brief analysis of 3 tokens which are participating ETHCC conference today. They are LDO, NEAR and ICP.
ICP did not recover from the decline of early June. It has remained fluctuating for nearly a month, with less volatility than before. It can be seen from the chart that the price has risen to 4.4 three times this month, but none of them has broken the upper rail. Then the price has fallen rapidly. The gap between the bulls and the bears is not large, either in terms of volume or the length of the candles.
Conclusion: Mostly fluctuation. The probability of falling is greater than that of rising. The price has always remained in the range, and the strength of either party has not increased significantly. But ICP keep bearish on a large scale. Volatility is now less than average. So we keep the possibility of falling. We set resistance level at 4.4 and support level at 3.9. They are the upper and lower rails of the previous range.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
