- ICP/USDT broke above the descending wedge on the 3-day chart, signaling strong bullish reversal and potential multi-month upward trend.
- Short-term 1-hour chart shows price surged from $3.65 support to $4.50 resistance, reflecting increasing buying pressure and accumulation base.
- Coinglass data shows heavy leveraged liquidations driving upward momentum, while social engagement highlights Dfinity leading DePIN community activity.
$ICP falling wedge breakout on the 3-day chart, is signaling strong bullish momentum. Traders are eyeing $15 as the next target while short-term volume confirms growing market confidence.
Falling Wedge Breakout and Price Projection
The ICP/USDT 3-day chart shows a descending wedge pattern recent breakout above the upper resistance line indicates reduced selling pressure. A strong bullish candle accompanied the breakout, signaling increased trader confidence.
Projection sets potential target near $15, a 283% rally from the breakout zone around $4.20. This target aligns with classical technical analysis principles, adding the wedge height to the breakout point. Retests of the breakout level will be essential to validate sustained bullish control.
According to analysis prepared by analyst Clifton Fx (@clifton_ideas), the breakout has confirmed a trend reversal opportunity after a prolonged decline since mid-2024. Price action and volume patterns have shifted momentum toward bullish dominance.
Short-Term Impulse and Support Zones
ICP’s 1-hour chart reflects a sharp surge from $3.60–$3.70 to $4.50, driven by increased buying pressure. The green demand zone near $3.65 represents prior accumulation, providing a base for potential pullbacks. This zone is likely to act as support if prices retrace.
Rejection in the $4.50 and $4.80 zone could trigger a correction toward $3.70 or $3.90.Traders are monitoring these levels for entry or exit points.
Sustained momentum above $4.80 may open the path toward $5.20–$5.50. Volume activity remains a key factor in confirming the continuation of bullish price structure.
Leverage Activity and Social Engagement
A Coinglass liquidation heatmap shows dense clusters of leveraged positions as ICP approaches $5.50–$6.00. Bright yellow-green streaks indicate forced liquidations, contributing to short-term price acceleration. Traders may face increased volatility due to overleveraged positions.
CryptoDep data on DePIN projects shows Dfinity leading in social activity with 4.85K posts and 2.21M interactions. Render surpasses in social dominance at 0.40%, despite fewer posts, showing strong market resonance.
Other projects like PEAQ, ANyONe, Siacoin, Akash, and Arweave show consistent engagement, while Filecoin and Aethir maintain lower dominance. Social metrics reveal active community involvement, which often mirrors ongoing market dynamics.
