$7.47 and $7.7 Resistances
ICP price fluctuates within the $6.88-$7.03 balance zone. Breakout above $7.03 targets $7.47 and $7.7, signaling potential bullish trend. Key support at $6.8.
8/13/20241 min read
The ICP's price is within the $6.88 to $7.03 range. This range is considered a balance zone where the price may experience fluctuations. A closer examination of this area can reveal the strength or weakness of buyers and sellers.
Key Levels:
$6.88 to $7.03 Range:
This range acts as a critical area for observing price reactions. Maintaining this level could indicate a return of buyer strength and the potential for a move towards higher targets.
Price Targets of $7.47 and $7.7:
If the price can break above the $7.03 level, it may move towards targets of $7.47 and $7.7. These levels act as potential resistances, and breaking through them could signal a strengthening of the bullish trend.
$6.8 Support Level:
If the price fails to hold the current range, the $6.8 level is considered an important support that could prevent further price declines.