ICP clearly has been trading in a downward channel on the daily since its 96% free fall, a dead cat bounce occurred to test the upper boundary of the channel, which has been stopped out. Scalpers are clearly tiring out.
With a lack of tech, anti-developer semi closed code base, horrible market sentiment, as well as the team selling 90m tokens and VC’s owning 26% of the supply at 2 cents, I see the free fall to commence with a second test of the upper channel happening when Bitcoin moves above the $40,000 range. VC’s and the team have stopped selling which could prove for some relief in the short term.
Not many prospects, but a short here could be a pretty big win.
With a lack of tech, anti-developer semi closed code base, horrible market sentiment, as well as the team selling 90m tokens and VC’s owning 26% of the supply at 2 cents, I see the free fall to commence with a second test of the upper channel happening when Bitcoin moves above the $40,000 range. VC’s and the team have stopped selling which could prove for some relief in the short term.
Not many prospects, but a short here could be a pretty big win.