It has been on a downward trend since the ICP hit $ 87 on September 6, 2021. After 4 years of decline, finally at the end of 2021, positive movements have been seen in it. This uptrend started after breaking the downtrend line (red) in the 4-hour timeframe.
Eventually, after breaking its medium-term downtrend line (blue line), it was able to take an uptrend.
But with the fall of Bitcoin in the last day, this currency has not been safe from falling, but it is still in its upward channel. Shown in 4-hour timeframe.
If bitcoin returns from this area, we can expect good growth from icp.
On its way up, it first resisted the $ 38 area it is expected to cross.
After crossing this area, it can easily reach the price of $ 58.
Eventually, after breaking its medium-term downtrend line (blue line), it was able to take an uptrend.
But with the fall of Bitcoin in the last day, this currency has not been safe from falling, but it is still in its upward channel. Shown in 4-hour timeframe.
If bitcoin returns from this area, we can expect good growth from icp.
On its way up, it first resisted the $ 38 area it is expected to cross.
After crossing this area, it can easily reach the price of $ 58.