2025-12-24 05:24:34

ICP is currently in a shallow consolidation state, with the price hovering around 3.00. Take a look at this position - it has just fallen below the 7-hour moving average (around 3.008), while the 25-hour moving average is right below (around 2.996), but still below the 99-hour moving average (around 3.056). The overall situation is mixed and somewhat weak, not very clear.

If it can break through the 3.056-3.10 resistance zone of the 99-hour moving average, the upside space will open up. Looking upwards, there is an opportunity in the 3.20-3.49 range, with the historical high around 3.494. Conversely, if it is to fall, the recent support is at 2.98-2.95, and below that is the stronger support level at 2.749.

However, it's important to pay attention to the trading volume. There was a significant increase in volume earlier, and now it's shrinking. Want to continue rising? We must see a breakthrough of the 99-hour moving average accompanied by strong trading volume; that would be credible. A price breakthrough without volume can easily result in a pullback.

ICP7,15%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

10 Likes

Reward
10
9
Repost
Share

Comment

0/400

TokenStorm

· 2025-12-25 23:26

The 99-hour moving average is just a paper tiger; the key is whether the volume can cooperate. The shrinking trading volume right now is really frustrating. If the volume can't pick up, don't expect to break 3.056; it will drop anyway soon. Talking about the all-time high of 3.494 every day feels like it's far away. Can the 2.749 defense line hold? I'm a bit worried it might drop straight through. Breaking a level requires volume to support it; otherwise, you'll be easily taken out. Now it's just waiting to see if 3.10 can truly stabilize; this is the watershed.

View OriginalReply0

FortuneTeller42

· 2025-12-25 12:27

If the volume doesn't keep up, it's just a false breakout. This wave of ICP looks like it's just testing the waters; it's really not interesting.

View OriginalReply0

FlyingLeek

· 2025-12-24 21:13

Still trying to hold a position here, ICP... The volume has shrunk, and it still wants to break through. Dream on?

View OriginalReply0

GateUser-1c3900cd

· 2025-12-24 09:03

Has ICP already fallen to the basement level, and will it fall further?

View OriginalReply0

SolidityStruggler

· 2025-12-24 05:54

The lack of volume increase is just a false breakout. For ICP, we still need to see if the trading volume can be strong enough.

View OriginalReply0

BrokenYield

· 2025-12-24 05:53

volume's been drying up tho... classic fake-out setup tbh. price breaks the 99h and nobody's backing it? that's just asking to get rekt lmao

Reply0

pvt_key_collector

· 2025-12-24 05:52

ICP's recent consolidation is really annoying. The volume has shrunk, and it still wants to go up? Dream on. It must break the 99-hour moving average and do so with volume; otherwise, a mere price breakout is just a false alarm.

View OriginalReply0

DeadTrades_Walking

· 2025-12-24 05:50

The current contraction wave looks suspicious; price breakthroughs are all fake.

View OriginalReply0

0xDreamChaser

· 2025-12-24 05:47

ICP's recent consolidation is really annoying. The trading volume has shrunk, and it still wants to go up? Dream on. Don't even think about it unless it breaks 3.056.

View OriginalReply0