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ICP — Long Term Downtrend Breakout Scenario

ICP has been respecting a major descending trendline since the 2024 peak. Price is now around $2.65, with a recent low around $2.57. Weekly momentum is beginning to improve, with RSI back above 50 and MACD turning upward. My bullish scenario is that ICP eventually breaks the long-term descending resistance and begins a new expansion phase. Potential path I'm watching: 🔹 Breakout from long-term downtrend 🔹 Move toward $4–5 🔹 Pullback / consolidation 🔹 Expansion toward $9–10 🔹 Another consolidation phase 🔹 Long-term target zone around $20–22 This is a multi-stage hypothetical path, not a claim that price will move exactly this way. The key confirmation for me is a sustained weekly breakout above the descending trendline. If the breakout fails, the scenario is invalidated and ICP could revisit the recent lows.

TITradingView Ideas17 Sept
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Massive Coinbase News! Bitcoin Rips to $96,750! Football.Fun TGE Interview with Founder!

Crypto majors are very green with Bitcoin making a new another 2-month high; BTC +2% at $96,7500; ETH +2% at $3,360, SOL even at $145; XRP -1% to $2.11. DCR (+30%), DASH (+10%), ICP (+10%) and ZEC (+7%) led top movers; XMR hit another new ATH at $800 before retracing to $725. Coinbase pulled support for the Senate’s crypto market structure bill ahead of a key vote, citing major concerns with the latest draft, leading to the Senate delaying the bill. Zcash avoided SEC action after the Zcash Foundation said the agency’s investigation has concluded. Ripple secured a Luxembourg license as its European expansion continued. Pakistan teamed with World Liberty Financial to explore stablecoin use cases for remittances and cross-border payments. The Human Rights Foundation awarded nearly $1.3M in Bitcoin grants to projects tied to human rights and freedom tech. Figure unveiled a new public equity network designed to enable on-chain issuance of stocks and related assets. FTX prepared another round of creditor payments and outlined timing details for the next distribution on March 31. Sui came back online after a nearly six-hour network stall, marking another reliability test for the chain.

DecryptDecrypt15 Jan

Are we back? Crypto is Green! Solana Intern goes rogue! Pump up 13%! Monero hits another ATH!

BTC: 95k (+3%) | BTC.D: 59.2% (-0.1%). ETH: 3313 (+6%) | BNB: 936 (+3%) | SOL: 145 (+2%). Top Gainers: IP, ICP, PUMP, PEPE, ENA. BTC ETFs: +$754m | ETH ETFs: +$130m. Crypto rallies on largest ETF inflow in 3 months. Senate committee to vote on crypto bill on Jan 27. Stablecoin issues with bill still being fought over. Ethena Labs makes USDe free from gas fees. Bitdeer overtakes MARA on ‘managed hashrate’. Polygon Labs to buy Coinme, Sequence for $250m. BitPanda eyes Frankfurt IPO in 1H26. CZ invests in perp trading platform Genius Terminal. Coingecko eyes sales at $500m valuation. Russia to open crypto markets more for payments. Crypto wrench attacks continue in France. Pakistan to integrate WLFI’s USD1.

DecryptDecrypt14 Jan