ICP really is in price discovery at the moment, trying to shed its (frankly unfair) 'scam' title. It's either....one of the best projects in all of crypto with a vast, dedicated team that has one of the loftiest of ambitions. If they achieve it, it could revolutionise the way crypto operates....
Or, its just another overly ambitious project that will struggle to gain a substantial foothold.
In the short term, it may bounce from the support trend line (its hovering nicely atop the 0.618 retracement), although the move down initially carried momentum. If it breaks below the ascending support line, I see 8.7-9.7 being a good buying opportunity provided it holds well. Personally I think ICP will absolutely rip it this bull run, and by 2029 could be potentially top 4+ (provided the roadmap continues the way it's expected to and good tech starts to come more the fore in crypto). So this scenario could be like buying ETH at a 10 dollars back in 2017.
Or, its just another overly ambitious project that will struggle to gain a substantial foothold.
In the short term, it may bounce from the support trend line (its hovering nicely atop the 0.618 retracement), although the move down initially carried momentum. If it breaks below the ascending support line, I see 8.7-9.7 being a good buying opportunity provided it holds well. Personally I think ICP will absolutely rip it this bull run, and by 2029 could be potentially top 4+ (provided the roadmap continues the way it's expected to and good tech starts to come more the fore in crypto). So this scenario could be like buying ETH at a 10 dollars back in 2017.