The ICP came back to life at the end of last year and increased significantly. After May, however, it declined in response to the general market decline.
But I think that decline is now over. The $8-9 area is a good buying zone for us. Especially considering that it is coming out of the downtrend.
I don't think it will go below $8 from now on, but in a possible correction in the market, it could go down to $6.5-7 and come up. This is the ideal buying zone for us because if this happens, there is a potential double bottom pattern.
My plan is to buy a large amount of ICP now and place a small buy order at the $7 level.
Comentário
I said that ICP could see $6.5-7 in a potential market correction and this is the ideal buying zone.
So did anyone else take advantage of this opportunity?
If you bought in a good place and this analysis has worked for you, I am looking forward to your comments.
I think I can also tell you my long term target for ICP. I think ICP will be over $100 in 3 years. If blockchain and web3 become popular, if it can maintain its infrastructure and vision, the target for 10 years later is MOON.
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