📊 ICP Market Pulse

Current Price: ~$4.51 (Up ~12.5% in 24h)

24h Volume: ~$663M (Up 190% – signaling high conviction)

Market Cap Rank: #61

🚀 The "Mission 70" Catalyst

The primary driver for today's surge is the announcement of Mission 70, a massive tokenomics overhaul aimed at reducing ICP inflation by 70% by the end of 2026.

Supply Shock: Planned reductions in voting and node rewards are expected to drop minting from ~9.7% to ~5.4%.

Demand Spike: Increased burning of ICP through "cycles" as more AI-driven decentralized apps (dApps) go live on the network.

📉 Technical Analysis

ICP has broken out of a long-term double-bottom pattern, showing aggressive bullish momentum.

Resistance 1: $5.00 (Major psychological barrier; a clean break here targets $6.25).

Resistance 2: $6.00 (Neckline of the multi-month accumulation zone).

Support 1: $4.40 (The 200-day EMA; must hold to maintain the "Golden Cross" potential).

Support 2: $3.97 (Recent swing low and key structural support).

💡 Summary Sentiment

$ICP is shifting from a "speculative" asset to a "utility-scarcity" play. While the RSI at 77-81 suggests the coin is technically overbought in the short term, the fundamental shift in tokenomics often leads to sustained rallies. Watch for a slight cooling period or "retest" of the $4.40 level before the next leg up.

Bottom Line: The market is finally pricing in ICP’s role as an "On-chain Cloud Engine." Volatility will be high—trade with a plan.

Is "Mission 70" the turning point for ICP to reclaim its former glory? 🌐🔥

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