ICPUSDT – Major Reversal Setup Forming! Ready for Breakout Move?ICP / TetherUSBINANCE:ICPUSDTCryptoNuclearThe ICP/USDT chart is currently displaying a highly critical structure as price continues to compress within a Falling Wedge pattern that has been developing since early 2025. This formation is often seen as a bullish reversal signal — typically marking the end of a prolonged downtrend and the start of an accumulation or reversal phase. At the current price level around $4.09, selling pressure has started to weaken, while buying pressure is gradually building up. Price is reacting positively from the lower wedge boundary and is now challenging the upper trendline resistance. A confirmed breakout above this zone, especially with strong volume, could spark a major bullish momentum — opening the door for a move toward the next resistance targets at $4.65, $6.05, and $6.90. However, if the price faces rejection once again from the upper wedge boundary, consolidation or another retest of the $3.10–$2.60 support zone remains possible. This area marks a decisive moment for ICP’s mid-term direction. --- Pattern Description A clear Falling Wedge (Bullish Reversal Pattern) is visible through two downward-sloping and converging trendlines. Key characteristics: lower lows are slowing down, highs continue to descend, and trading volume decreases over time. Technical implication: selling pressure is fading, and accumulation is likely occurring before a potential reversal. --- Bullish Scenario A confirmed bullish breakout would occur once the price closes decisively above the upper wedge line and the $4.65 resistance on the 3-day timeframe, accompanied by a surge in trading volume. If validated, upside targets could include: Target 1: $6.05 (initial resistance and profit-taking area) Target 2: $6.90 (mid-range wedge resistance) Target 3: $9.75 (major resistance zone and possible momentum expansion)** Breakouts from large falling wedges on higher timeframes often trigger strong mid- to long-term reversals, particularly when supported by high volume. --- Bearish Scenario If the breakout attempt fails and price gets rejected around the $4.65–$4.80 region, selling pressure could drag ICP back down toward the $3.10 – $2.60 support zone. A breakdown below this area would invalidate the bullish setup and likely resume the macro bearish trend. The $3.10 level is the key structural support — losing it would confirm renewed weakness. --- Overall Outlook ICP is currently at a make-or-break level, where a confirmed breakout could shift market sentiment from bearish to neutral–bullish. The technical structure favors a potential trend reversal, but confirmation is crucial before positioning aggressively. False breakouts remain possible, so risk management and patience are essential. Psychologically, reclaiming $4.65 would be the first sign of a sentiment shift, potentially leading to renewed investor confidence in ICP’s mid-term recovery. --- Summary Pattern: Falling Wedge (Bullish Reversal Pattern) Status: Approaching breakout area Bullish Trigger Zone: Above $4.65 Bullish Targets: $6.05 → $6.90 → $9.75 Critical Support Zone: $3.10 – $2.60 Dominant Bias: Neutral turning bullish upon breakout confirmation --- #ICP #ICPUSDT #ICPTether #CryptoAnalysis #TechnicalAnalysis #FallingWedge #ReversalPattern #BreakoutSetup #SwingTrade #CryptoChart #AltcoinWatch #MarketStructure