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The Internet Computer ($ICP) price recently experienced a notable pullback, dropping from a high of $16.3 to a low of $10.3, a 36.6% decline. This decrease coincided with low transaction volumes, suggesting it might be a short-term correction rather than a long-term trend reversal. Currently, the $ICP price is testing the support level of a previously breached ‘cup and handle’ pattern, which could indicate an opportune moment for traders to enter the market.
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