ICP Price Prediction: Is $24 Possible In the ICP Price Chart?
ICP Price Prediction: Is $24 Possible In the ICP Price Chart?
From Q4 2023 to Q1 2024, ICP's price experienced a remarkable 630% gain, rising from $2.8 to $20.87. However, in Q2 2024, the supply zone caused a price deflection, leading to the establishment of a support level at $6.5 by early Q3 2024.
As of the last month of Q3, the price has been consolidating into a horizontal narrow wedge, with recent FED news pushing it towards the upper boundary.
ICP's price appears to be awaiting a catalyst for a significant move. If a breakout occurs, driven by optimism, it could complete a symmetrical triangle pattern. According to ICP price predictions, a breakout could lead to short-term targets of $10.50 and $11.50.
Achieving these targets would establish a Change of Character (ChOCh) above $10.50 and the 200-day EMA band, boosting long-term confidence.
In the long term, targets could be set at $15.00, $20.00, and $24.00, respectively. However, if the price fails to show a ChOCh, consolidation might continue, or bearish pressure could push it further down.
From Q4 2023 to Q1 2024, ICP's price experienced a remarkable 630% gain, rising from $2.8 to $20.87. However, in Q2 2024, the supply zone caused a price deflection, leading to the establishment of a support level at $6.5 by early Q3 2024.
As of the last month of Q3, the price has been consolidating into a horizontal narrow wedge, with recent FED news pushing it towards the upper boundary.
ICP's price appears to be awaiting a catalyst for a significant move. If a breakout occurs, driven by optimism, it could complete a symmetrical triangle pattern. According to ICP price predictions, a breakout could lead to short-term targets of $10.50 and $11.50.
Achieving these targets would establish a Change of Character (ChOCh) above $10.50 and the 200-day EMA band, boosting long-term confidence.
In the long term, targets could be set at $15.00, $20.00, and $24.00, respectively. However, if the price fails to show a ChOCh, consolidation might continue, or bearish pressure could push it further down.
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