While most of the market bled out with over $1B in liquidations, Internet Computer (ICP) ripped nearly 29% and printed a clean Power of 3 structure that seasoned traders watch for early trend reversals. With price reclaiming key levels and momentum building, the next sessions may decide whether ICP accelerates into an expansion leg toward the measured move near $9.41—or slips back into range.

What’s Happening Right Now

The crypto market shed ~2% today as ETH fell >3% and total liquidations hit ~$1.08B (with $943M in longs). Against that backdrop, ICP outperformed, reclaiming the prior range low at $4.58 and breaking above the 200-day MA ($4.87), trading around $5.00 at the time of writing.

The Pattern: Accumulation → Manipulation → Expansion

- Accumulation: From March–September, ICP consolidated between $6.10 and $4.58, forming a rectangle base. - Manipulation: In October, price flushed to ~$2.78, likely tripping stops before swiftly recovering. - Expansion (in progress?): Reclaim over $4.58 and a push through the 200-day MA hint the final phase may be starting. A decisive break and sustained closes above $6.10 would confirm.

Why This Matters to Traders

A confirmed Power of 3 completion often precedes trend acceleration. For ICP, a clean breakout above $6.10 opens room toward the measured move near $9.41 (≈+88% from ~$5). But the same pattern fails if $4.58 doesn’t hold—especially in a risk-off market—so the risk/reward hinges on disciplined execution.

Actionable Game Plan (Not Financial Advice)

• Confirmation: Look for a daily close above $6.10 with rising volume and constructive momentum; sustained strength >$6.10 reduces fakeout risk.
• Pullback Entry: If no breakout, consider patient bids on a retest of $4.87–$5.00 (200D MA/round number) that flip to support, with tight invalidation.
• Invalidation: A daily close back below $4.58 or a heavy-volume loss of the 200-day MA weakens the bullish case.
• Targets: Scale out into strength; keep a final tranche for the measured move toward $9.41 if momentum persists.
• Risk Control: Size modestly; volatility is elevated after $1B in liquidations. Correlation risk with BTC/ETH remains high.

Key Signals to Monitor

• Volume expansion on green candles vs. 20-day average.
• Daily closes relative to $4.58, $4.87, and $6.10.
• Funding and open interest behavior to spot crowded positioning.
• Reaction to macro headlines that could amplify volatility.

Bottom Line

ICP is showing a textbook Power of 3 with momentum turning up. The trade is straightforward: above $6.10 favors the expansion toward $9.41; below $4.58 puts the setup at risk. Let confirmation lead your decisions and keep risk tight in a fragile market.

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