According to TheMarketPeriodical, ICP price is showing early signs of a bullish reversal as whale wallets have increased their holdings significantly. On-chain data indicates rising demand and user activity, with analysts highlighting the $4-$6 range as a key support zone. Whale accumulation has returned to pre-pump levels, signaling confidence among major holders. Analysts remain divided on short-term projections, with some suggesting further downside risk before a potential breakout. On-chain metrics, including a 35% monthly increase in daily active addresses and 18-month high transaction volume, suggest growing network momentum. Exchange-held ICP balances have dropped 22% in 30 days, pointing to a possible float reduction ahead of a potential rally.
ICP Price Shows Bullish Signs as Whale Accumulation Rises
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