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Is $ICP finally building a base or is this just another pit stop on the way down?
Looking at the 1D chart and it’s been a painful slide from those $4 levels. We are currently sitting at 2.462 and the price action is basically crawling sideways.
The good news? It looks like we found some decent support around the $2.00 mark back in early February and we haven't touched it since. The bad news is that every time we try to rally, we get slapped down by resistance around 2.90 to 3.00.
Volume is pretty dry at 4.19M USDT which usually means a big move is cooking, but it’s hard to tell which way yet. We are up a tiny 0.12% today but down about 60% on the yearly.
I’m keeping an eye on the 2.40 level. If that holds, we might see a slow grind back toward 3.00. If it fails, we’re probably visiting that $2.00 floor again.
Patience is the name of the game here. Are you guys accumulating at these levels or waiting for a confirmed breakout?
#OilPricesSurge