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ICP big dump 7.3% breaks through key support, higher trade volumes reveal what signal?

[Coin World] ICP has fallen sharply today, plunging 7.3% in one go, and is now hovering around $3.70. The most critical issue is that it has directly broken through the defense line of $3.99 to $4.00 - this was a key position that had held for several days before.

It's worth noting the trading volume. The turnover of 1.83 million tokens has surged nearly 300% compared to the daily average. Such a volume increase during a fall is usually not a good sign.

From a technical perspective, the token has barely maintained its footing in the range of 3.55-3.65 dollars, but that's just a breather level. The overall trend is currently bearish, and the previously broken support zone at 4 dollars has now turned into a new resistance band. It will be quite difficult to rebound back in the short term.

ICP5.99%
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GasSavingMastervip
· 36m ago
It has fallen below $4 again, and this time it feels a bit severe. Higher trade volumes during the fall are the most annoying; it feels like we have to test the bottom again.
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AirdropATMvip
· 12h ago
It's the same old trap again, can't even hold 4 bucks, all this talk about key levels is useless.
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OffchainOraclevip
· 23h ago
又来了,这次轮到ICP挨刀子。4块钱这道防线说破就破,真的一点抵抗力都没有。 放量下跌这个信号...嗯,属实不太乐观,难不成又要重演一遍? 3.5这块儿能守住算不错了,但反弹回4?别逗了,现在谁敢抄底。
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GasFeeNightmarevip
· 12-01 17:27
Here we go again, being played for suckers. Higher trade volumes and falling prices mean institutions are dumping.
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GasFeeAssassinvip
· 12-01 17:23
It's the same old story again; when it breaks through support, they say it's Unfavourable Information, and when it rebounds, they say it needs to break through resistance. In short, it's just a gambler's mentality.
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NervousFingersvip
· 12-01 17:21
Here comes the Be Played for Suckers again, this time targeting ICP. Is it really that fun to see it fall and break support with higher trade volumes?
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