The price is likely to decline further

The first important support of the ICP is considered in the range of $4.6-4.8, but due to possible selling pressure, and because the last ceiling and floor in the 4-hour timeframe have not yet been broken to the upside, the price is likely to decline further. On the support side, there is a support range of $4.4 to $4.3. Therefore, considering the good price movement in the daily timeframe, we expect a strong positive reaction from these two support levels. Also, using the Fibonacci correction tool, the support range of 50% of the correction wave has been placed on the first static support, so this support is more confirmed.