"Is the 'Heavenly Doom' project ICP likely to return to $100?
ICP was a star coin in the last bull market because: it peaked as soon as it was launched.
Those who preferred buying new coins over old ones in the last bull market ended up getting trapped.
In this bull market, many still prefer buying new coins over old ones; whether the outcome will be the same can only be known by those chasing new coins.
Of course, today we are not discussing this.
Since 2023, ICP's price trend has gradually strengthened, and each wave of bulls has been continuously increasing in volume, which is significantly stronger compared to FIL.
Recently, ICP has also stopped its decline, which is good news for those who were previously trapped.
However, knowing when it will peak is very important! Today, let's also look at the technical analysis to see what the true key resistance level for ICP is.
From the entire three-year decline from the last bull market to the bear market, the main resistance zone is above $40, which is heavily trapped.
After reaching a high point of $21 during this wave of increase in 2024, it has not broken through since, which is still a difference of a doubling from $40, indicating that many have already chosen to cut losses and exit early.
All aspects of ICP's data are quite good; the only major drawback is the high number of trapped positions. However, from the overall trend in 2024, many have opted to cut losses and exit, lightening the load and creating upward potential.
Last week's bullish candlestick was a strong signal of stopping the decline, and although it may lose some low price levels, it can ensure capital safety, making this type of investment worth pursuing."
