As observed on the ICPUSDT chart, the price is currently testing significant Fibonacci retracement levels—specifically the 0.5 (50%) and 0.618 (61.8%) levels—which align with a historically strong support zone. The consolidation near these technical confluence levels suggests potential accumulation, and a decisive rebound from this area could initiate the next bullish phase toward our primary technical targets, beginning with the $20.00 level.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.