ICP 8H โ€” Harmonic Structure Forming at Major Demand

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ICP 8H โ€” Harmonic Structure Forming at Major DemandICPUSDT Perpetual ContractBYBIT:ICPUSDT.PLeo524๐Ÿ“ŒOn the 1D timeframe, the long-term downtrend is still intact, with no confirmed macro reversal yet โœ… ๐Ÿ“ŒPrice is sitting inside a strong historical demand zone around $2.00โ€“$2.40, where major accumulation previously occurred โœ… ๐Ÿ“ŒVolume profile shows heavy accumulation below current price, indicating strong buyer interest in this region โœ… ๐Ÿ“ŒRSI is recovering from the oversold zone, signaling early bounce potential rather than full bullish confirmation โœ… ๐Ÿ“ŒOn the 4H timeframe, price bounced after a clear liquidity sweep below $2.30, removing weak hands before the move up โœ… ๐Ÿ“ŒShort-term higher lows are forming, showing improving structure and momentum shift on lower timeframe โœ… ๐Ÿ“ŒHowever, EMA ribbon remains above price, meaning the broader trend is not fully bullish yet โœ… ๐Ÿ“ŒKey condition: Price must hold the green support zone to continue upward and validate the harmonic upside scenario โœ… ๐Ÿ“ŒFinal outlook: Demand hold = continuation toward higher resistance; lose support = downtrend resumes ๐Ÿ”ฅ๐Ÿ“‰๐Ÿ“ˆ