ICP/USDT – 8H – BUY

The ICP/USDT 8-hour chart has fired a cluster of bullish signals, including a BOP Zero Cross Up, STOCHF KD Cross Up, and multiple moving average retreats (EMA, WMA, MAMA), alongside a Fibonacci retreat uptrend at the 38% level. These signals collectively indicate that buying pressure is returning and that the price is pulling back within an ongoing uptrend, with the HT TRENDMODE shifting to trend suggesting a potential acceleration. The alignment of these indicators points to a continuation of the bullish move, with the 8-hour, 12-hour, and daily timeframes all showing bullish trends, albeit still in early formation stages.

Despite the bullish setup, lower timeframes (15m and 30m) remain bearish, which could cause short-term pullbacks or consolidation before the larger trend resumes. The nearest resistance sits at 2.39700, while support is at 2.13400. A break above resistance would confirm the bullish momentum, while a drop below support would invalidate the setup. Traders should watch for the price to hold above the Fibonacci retracement level and for the lower timeframe trends to turn bullish in alignment.