Sick & TIRED of ICP influencers telling their infinisimps that a trend line has broken. Betch where??????????
Y'all r drawing lines wherever you want ๐ญ๐ญ go with the exact tops of wicks so u don't call trends breaking early. Also just wait for higher highs & higher lows damn ๐ฎโ๐จ
$ICP just did something it hasn't done in years.
Broke out of a multi-year descending resistance โ cleanly.
Price: $3.13
Target on chart: $20+
That's a +1,041% move projected from current levels.
We're sitting in the accumulation zone right now. Every "L" on this weekly chart was a gift. The last one? Right here. Right now.
Descending trendline = broken โ
Support zone = holding โ
Weekly candle = +15% and climbing โ
The ones who waited since 2023 are about to eat.
#ICP . From $3 to $20. Weekly chart doesn't lie.
@hedgeho24502166 I am in fact not. The thing you do is look at the grid and see if the measurements are even to determine if something is logarithmic. Hope this helps!
So volatile it doesn't feel like sideways action but zoom out it kinda has been. very glad ICP was resisting downtrend but I want my final dip so I can buy a few thousand more ICP
The rejection frames that we're not actually out of red bubble, just volatile mid way through like last red bubble, but larger. My new delulu chart imagines a retest of lows, wyckoff spring, and then a smaller pump before exiting the lows and challenging downward trendlines.
Not to be biased, but the objective data backs it up: it's retail that's been doing the selling. The market simply hasn't assigned value to ICP yet, and some longer-term holders have lost patience after several years, which is fair. The market rewards different things, otherwise it would be impossible to explain how memecoins reach market caps dozens of times higher than projects shipping real infrastructure.
And we're not talking about performance here; that's where you could fire back with "but other tokens aren't as inflationary." We're talking market cap, where supply is already baked into the math.
What's actually happening on the adoption side:
- Pakistan Digital Authority signed an MoU with DFINITY for a sovereign Pakistan Subnet: national-scale AI, in-country data, a national messenger app, 1,500 Caffeine licenses
- Switzerland deployed a sovereign subnet weeks earlier
- DFINITY ร UNDP partnership on Universal Trusted Credentials, piloting in Cambodia with plans to scale to 10 countries
What that means for value:
-Sovereign cloud deployments = multi-million-dollar compute lock-in per nation
-Each sovereign subnet = perpetual, non-speculative ICP burn
-UN-level legitimization is something ETH and SOL simply don't have at the nation-state layer
Honest comparison:
- Solana: zero sovereign deployments
- Ethereum: zero significant sovereign deployments
- ICP: multiple confirmed sovereign deployments and pilots
This is exactly the kind of traction the crypto market isn't pricing in, because it reads as "boring infrastructure" vs. "memecoin pump." But it's also exactly what institutional capital looks at.
Now the honest counterpoint, because pretending otherwise would be cope:
Ethereum Classic had the same tech as ETH and stayed near $20 while ETH ran to $4,500. Bitcoin Cash shared BTC's foundation and never recovered. Litecoin was supposed to be "silver to Bitcoin's gold" and has been stagnant for years!
Fundamentals don't automatically translate into price. Narrative, timing, and market structure matter. But the asymmetry on ICP, actual sovereign-scale adoption that no other L1 has, is the kind of thing that, if it ever does get priced, doesn't get priced gradually.
The rejection frames that we're not actually out of red bubble, just volatile mid way through like last red bubble, but larger. My new delulu chart imagines a retest of lows, wyckoff spring, and then a smaller pump before exiting the lows and challenging downward trendlines.
Red bubble took 3 months to exit this time! If the parttern continues as it has for years now it will head into a pre-parabolic rally!
We can estimate this will take ~3 months, 22 days
given last purple bubble took ~1.24x the time red bubble took.
Vertical action on ~August 26
Looky looky what you can now hold on @ohshiilabs ๐ฆ ๐ฌ
Users across the various DAOs will also be able to receive NFT rewards directly on OhShii whenever teams want to reward members for completing actions such as locking, voting, contests, and more
Amazing stuff from the team๐ฅ
.@dfinity is making Internet-scale compute absurdly cheap
ICP's average transaction fee just dropped to a new 90-day low of $0.0000387, down 6.3% from the previous low
AI-native cloud infrastructure only works when usage costs get this close to zero
๐ https://t.co/l4mPWMq8I8
$ICP is going vertical
It processed over 342M transactions yesterday, setting a massive activity record
High-performance infrastructure at this scale is exactly what a new global economy needs
@ICWorldComputer The situation might become countries buying large amounts of ICP to have the best prices to run compute compared to others and secure data security but Dfinity can always adjust compute prices to allow fairer pricing just like with mission 70 proposals in the future