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AI Analysis: $ICP/USDT


Entry price: 5.68–5.71
Target Price:

- TP1: 5.95
- TP2: 6.18
- TP3: 6.36
Stop-loss price: below 5.46

Reason for purchase:

1. Shape Confirmation:
- The daily level has formed a "double bottom" reversal pattern (lasting 32 trading days), with the neck line at 5.95.
- Measure of increase = Bottom depth × 1.618 = 0.25 → Target price 3 = 5.46 + 0.25 = 5.71 (actual rounded to the integer 6.36)
2. Trend Structure:
- The weekly level breaks through the descending trend line of 2024 (connecting 6.36→6.18), with the price standing above MA(50) 5.71
- Short-term trend reversal, RSI(14) rebounding from the oversold zone of 28 to 58 (neutral to bullish)
3. Breaking Potential:
- After breaking 5.95, open up to 6.36+ upward space
- If an effective breakout occurs, it may trigger a 2.0x leverage contract liquidation.
4. Indicator Verification:
- The OBV indicator has reached a 20-day high, indicating capital inflow.
- Funding rate +0.125% (positive for 10 consecutive days), futures open interest exceeds 120 million USD
- On-chain data: Exchange net flow - 350,000 coins, whale holdings increased by 22%

This content is for reference only and should not be considered as investment advice.
ICP-6.63%
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