ICP coin price encounters a surge in selling pressure near the 100-day EMA resulting in the double top fallout. Will the falling prices reach $15?

Key technical points:
<ul>
 	<li style="font-weight: 400">ICP prices have decreased by 11.20% in the past 24 hours.</li>
 	<li style="font-weight: 400">In addition, prices surpass all the bearish aligned EMAs.</li>
 	<li style="font-weight: 400">Finally, the 24-hour trading volume of Internet Protocol is $278 Million, marking a 21% rise.</li>
</ul>
<h2>Past Performance of ICP</h2>
ICP coin price reached the 100-day EMA with the 42% rally starting from the $15.50 mark and breaking above the $20 mark. However, the sellers-driven EMAs rejected the bullish rally twice, resulting in a double top pattern. Today, the prices fall below the neckline at $21 and approach the $19 mark. 

<img src="https://s3.tradingview.com/snapshots/i/IzdZSjCS.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/IzdZSjCS/" target="_blank" rel="nofollow noopener">Tradingview</a>
<h2>ICP Technical Analysis </h2>
ICP coin price has fallen by 15% in the past 72 hours resulting in the double top fallout with the three black crows pattern. Hence, the increased selling pressure is evident in the price action and indicates a downfall below the $19 mark. 

The downtrend fueled by the rejection from the 100-day EMA breaks below the 50-day EMA and crushes the bullish crossover possibility. Hence, the 50-day EMA regains its resistance status as the market price is below all the crucial EMAs. 

RSI Indicator: The RSI slope falls from the nearly overbought territory as sellers step at the 70% mark, resulting in the 14-day average fallout. Moreover, the RSI slope falls under the halfway mark and reflects a rise in underlying bearishness.

MACD Indicator: The MACD and signal lines give a bearish crossover after days of sideways trend in the positive territory resulting in a start of negative histograms in the daily chart. 

The ICP technical analysis knocks off a highly bearish vibe with the rise in selling pressure.
<h2>Upcoming Trend </h2>
<a href="https://www.cryptoknowmics.com/news/icp-technical-analysis-should-you-bet-on-the-100-day-ema-breakout/">ICP</a> coin price falls incredibly as the sellers gain trend control and give a bearish pattern fallout. Hence, the $19 fallout becomes imminent and brings a selling opportunity with the potential of an 18% downfall to the $15 mark.

Support Levels: $15.8 and $14.5

Resistance Levels: $20 and $22

ICP Technical Analysis: Double Top Pattern Brings $20 Fallout

ICP coin price encounters a surge in selling pressure near the 100-day EMA resulting in the double top fallout. Will the falling prices reach $15?

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

ICP Technical Analysis: Double Top Pattern Brings $20 Fallout

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