ICP Targets Strong Rebound as Demand Zone Strengthens Market Momentum

ICP repeatedly returns to the $3–$4 demand zone after extended downtrends and corrective phases.

October’s rally lifted ICP toward $9–$10 before momentum faded and price retreated to support.

MACD and RSI show synchronized momentum surges during rallies, followed by weakening signals in declines.

ICP’s recent performance has shown a defined market structure, according to analyst Lucky on X., it continues to revolve around a recurring demand zone between $3 and $4

His assessment notes that the asset has undergone several phases in the past months, forming patterns that consistently return to the same support base. These observations emphasize ICP’s momentum swings that develop as broader market conditions change.

Repeated Downtrends and a Stable Demand Region

The first set of data presents ICP rising sharply toward $14 after an early upside move. However, the market then enters an extended decline that stretches from late 2024 into early 2025

Lower highs and lower lows define this period as sellers maintain firm control. This sustained drop leads the price back toward the key demand region near $3 to $4. The zone withstands several retests and becomes a base for long consolidation.

Source: lucky

Compression patterns form repeatedly inside falling wedges during this phase. These structures produce temporary upward breaks that lift the price out of tightening ranges. The move sends the asset toward $10 before a steep retracement returns it to the demand region, where stability is restored

Shifts in Daily Action and Rising Volatility

Data in November shows a different perspective. Throughout August, ICP trades within a narrow structure with low volatility and muted volume. However, selling pressure increases in late September and early October as red candles dominate the movement

Momentum shifts again in late October when larger green candles form and volume rises. That move pushes the price above $9 before momentum slows and a steady decline carries the asset toward $4 by late November.

Indicators Track Momentum Surges and Pullbacks

The MACD data records a sharp shift during the October rally as the MACD line rises above the signal line while green histogram bars expand.

Source: Crypto Rank

However, the indicator turns lower as selling pressure builds, and red bars increase in size. RSI readings follow a similar pattern. RSI stays subdued in August and September, dips toward oversold during the early-October downturn, climbs toward 80 during the late-October advance, and later moves toward the low-40 range as the decline unfolds.

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