ICP rallies 22%, then slips 8% – What comes next after this volatility?
Internet Computer (ICP) experienced significant volatility, rallying 22.6% from a recent low before retracting 8.46% within hours. This movement occurred amid statements from Dfinity Foundation regarding AI-powered no-code tools enhancing secure application infrastructure. Technically, ICP fully retraced its November rally and must reclaim $3.78 to shift to a bullish structure. Lower-timeframe traders might consider buying with a stop-loss under $2.9, but the overall trend remains bearish until key resistance is broken. Market-wide sentiment, including Bitcoin's bearishness, suggests continued sell pressure on altcoins from profit-taking.
ambcrypto12/22 01:02
