ICP tests 2024 trendline as bulls eye $3.23 breakout
- —ICP gained 7.1% in 24 hours and 60.4% since August
- —Open interest rose 8.4% in 24 hours
- —Funding rate stays negative and spot CVD has not recovered, signaling bearish positioning
- —A daily close above $3.23 confirms upside; a pullback targets $2.61–2.75
Why it matters: A monthly close above the trendline for the first time in nearly three years could mark a shift in ICP's long-term downtrend, though negative funding raises squeeze risk.
Source: AMBCrypto