ICP price retracement, altcoins are once again losing value.
Internet Computer has fallen 0.88% in the past 24 hours, and market panic is spreading.
Where is the problem? Look from two angles:
First is the overall risk appetite decline. The Fear & Greed index is only 27, which basically means the market is scared. Investors are cutting positions, and money is flowing into Bitcoin, a typical rotation of risk assets. Secondly, from a technical perspective, ICP broke through the $3.12 Fibonacci resistance level, showing clear signs of a false breakout. The quick resistance to the rebound indicates that upward momentum is simply insufficient.
In the short term, ICP still needs to follow the market sentiment. As long as BTC hasn't moved into an independent trend, the rebound space for altcoins will be very limited.
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SeeYouInFourYears
· 8h ago
Here we go again, more people getting chopped. This round really isn't interesting.
This time they went back to buy the dip in BTC, it's hilarious.
The technical outlook for ICP has collapsed, it can't even hold @3.12, no wonder everyone is fleeing.
Honestly, as long as Bitcoin doesn't rise, all coins are useless.
The panic index is at 27, I wonder how much further it will fall...
Altcoins aren't just bleeding this wave; they're hemorrhaging heavily. There's no point in struggling anymore.
Still waiting for that independent market trend, it's been two months already.
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AirdropChaser
· 8h ago
It's the same old story, altcoins are always the ones running behind, all the money is flowing into BTC.
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Liquidated_Larry
· 8h ago
Another liquidation, I really can't hold on anymore.
ICP price retracement, altcoins are once again losing value.
Internet Computer has fallen 0.88% in the past 24 hours, and market panic is spreading.
Where is the problem? Look from two angles:
First is the overall risk appetite decline. The Fear & Greed index is only 27, which basically means the market is scared. Investors are cutting positions, and money is flowing into Bitcoin, a typical rotation of risk assets. Secondly, from a technical perspective, ICP broke through the $3.12 Fibonacci resistance level, showing clear signs of a false breakout. The quick resistance to the rebound indicates that upward momentum is simply insufficient.
In the short term, ICP still needs to follow the market sentiment. As long as BTC hasn't moved into an independent trend, the rebound space for altcoins will be very limited.