ICP jump 60% for bear-market relief; $3 don turn support
Internet Computer (ICP) don up about 60% last week, plus +15.8% for the past 24 hours. Report talk say Glassnode data show AI tech sector dey lead performance (~+26% market cap), while L2 tokens follow (~+13.9% weekly).
For ICP trading, main update na dey around $3. Article mention cluster of short liquidations near $3, and say $3 don flip to support inside last 36 hours — and the previous range near the ~$2 swing low don break already. This one dey strengthen near-term breakout story toward higher resistance.
But ICP traders get warning say the bigger picture still bearish. The rally na bear-market relief phase, with upside targets around $4.21 and $4.82. The write-up highlight say Fib levels dey under pressure and recommend profit-taking near the overhead “golden pocket.” For proper bullish shift, ICP must break and hold above $4.82 to invalidate the bearish swing structure.
Bottom line for ICP: the $3 support flip fit drive short-term upside, but risk management important because this no yet confirm new bull market. Bitcoin back above $80K fit help alts, but ICP still need prove strength above $4.82.
Neutral
Short-term dan dey look constructive for ICP because di $3 area get support from short-liquidation cluster and e don flip to support, and di previous ~$2 base/range don break. That combination fit attract momentum buyers and fit trigger further upside.
But long-term framing still bearish for both articles. Dem treat ICP rally as relief move, no be confirmed regime change. Overhead Fib “golden pocket” profit-taking risk dey highlighted, and di bearish swing structure go only invalidate if e sustain break pass $4.82. So traders suppose expect volatility: upside attempts fit happen, but follow-through no sure unless ICP clear di higher resistance levels convincingly.