ICP completed a weekly strong breakout on January 17. Driven by DFINITY's release of the "Mission70" white paper and new tokenomics, the price surged to a high of $4.79. Currently, after the breakout, there has been a technical pullback—which is normal and actually a good opportunity to accumulate long positions.

From the 4-hour chart, the psychological level of $4.00 shows solid buying support. This level was previously a resistance and has now turned into support. The RSI indicator has also gradually corrected from overbought territory to a healthy level around 55, indicating that the correction is sufficient and the momentum for a rebound is building.

From a trading perspective, the range of 3.95-4.05 can be used as an entry zone for longs, with a stop-loss set at 3.75. As long as the price holds above the $3.90 support, a two-wave upward movement is expected, with the first target around $4.54 (approximately +12%) and the second target near the $5.00 level (approximately +24%). The key is whether the recent low support can be effectively maintained, as this will determine the strength of the subsequent rebound.