- Popular altcoin ICP printing a double bottom setup.
- If altcoin confirms reversal, price could 2x soon.
- Can ICP hit a new ATH this cycle?
The crypto community continues to grow excited over a bullish few months, hoping that many assets will surge to impressive highs by the end of the year. So far, several reputed analysts believe that the bull market phase has already begun while several altcoin assets have been printing bullish patterns across their price charts for years. Among them, popular altcoin ICP is printing a double bottom setup. Can ICP hit a new ATH this cycle?
Popular Altcoin ICP Is Printing a Double Bottom Setup
Ever since the bear market began in October 2025, the altcoin market has had it rough. Starting off, the sector faced a devastating drop in prices, leading several promising altcoins falling by 95%, leaving some altcoins like Kadena filing for bankruptcy. It was a shocking and disheartening moment for altcoin traders as many were waiting for the altseason peak phase to arrive instead.
What appeared in its stead was a brutal correction which was later understood to be the start of the bear market. Now, almost a year after a crushing bear market, altcoins seem to be recovering and holding strong. This is a great sign, especially compared to the previous bull cycle phase, when many altcoin assets began to pump, but only a handful went on to set new ATH records.
Can ICP Hit a New ATH This Cycle?
To highlight, the pioneer altcoin asset, Ethereum (ETH), itself barely set an impressive new ATH. To compare, the price of BTC went from $69,000 to $126,000, while the price of BTC went from $4,800 to $4,900. In terms of new ATH record pumps, this was highly disappointing and borderline abysmal. However, the previous bull market performance of altcoins has now led experts to believe that altcoins could outperform BTC this bull cycle.
Already, reputed experts like Doctor Profit, have revealed that for the first time ever, they are holding more ETH over BTC, showing their big bet and high conviction on the probability of ETH outperforming BTC over the coming months and years. Mirroring ETH’s dramatic upcoming pump are several altcoin assets as well. So far, many assets have already begun to pump and reclaim higher prices.
As we can see from the post above, ICP seems to be one of them. According to CoinMarketCap analytics, the price of ICP is currently trading at $2.56. The expert in the post above, highlights how the altcoin is printing a double bottom formation with its price holding the $2 – $2.2 support zone after two major tests. A clean reclaim above $4.00 resistance could confirm the reversal and open the path toward the $6.30 target.
