The Descending Triangle is just one piece of the puzzle. See the full technical breakdown.
Bearish continuation pattern.
Technical analysis of Internet Computer (ICP) reveals a significant setup. Price has moved to $2.04 (-3.6%) amidst recent volatility. The primary technical feature is a Descending Triangle formation. The trend indicator is reading 24.3/100, suggesting moderate momentum. A potential breakout level is identified at $2.02, targeting $1.65 with support near $2.25 (R:R 1.65).
What is your outlook on ICP?