[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.
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GasSavingMaster
· 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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AirdropATM
· 12h ago
It's the same old trap again, can't even hold 4 bucks, all this talk about key levels is useless.
Here we go again, being played for suckers. Higher trade volumes and falling prices mean institutions are dumping.
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GasFeeAssassin
· 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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NervousFingers
· 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?
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.