📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
Include screenshots of your Launchpool participation (e.g., staking record, reward
#ICP#
**ICP/USDC**
### 📊 **Market Summary**
- **Current price:** 5.438 USDC
- **Daily Variation:** +2.31% (€4.63)
- **24h High/Low:** 5.508 / 5.297
- **24h Volume:**
- ICP: 145,351.01
- USDC: 789,002.95
---
📈 ### **Technical Analysis**
#### 1. **Candlestick Chart (1D)**
- The chart shows a slight recovery after a previous decline, with medium-bodied candles and upper shadows, indicating selling pressure after attempts to rise.
- The current candle is close to the Bollinger moving average, suggesting consolidation.
#### 2. **Bollinger Bands (20, 2)**
- **UP (superior):** 5.897
- **MB (average):** 5.387
- **DN (inferior):** 4.878
- The price is **slightly above the average**, but **below the upper band**, indicating that the asset is in a balance zone, with no overbought.
- The band is **moderately expanded**, suggesting increasing volatility.
#### 3. **MACD**
- **DIF:** 0.036
- **DEA:** 0.027
- **MACD:** 0.009 (positive)
- The positive histogram indicates **bullish momentum**, although weak. The DIF line recently crossed above the DEA, signaling a possible reversal to the upside.
#### 4. **Volume**
- Current volume: 106,912.21
- MA(5): 267,917.56
- MA(10): 267,409.02
- The volume is **below the moving averages**, which may indicate **lack of conviction** in the current movement. Traders are cautious.
---
### 🧭 **Relevant Technical Zones**
| Type | Level (USDC) | Note |
|--------------|--------------|------------|
| **Support** | 5.297 | Minimum of the last 24h |
| **Resistance** | 5.508 | Maximum of the last 24h |
| **Potential target** | 5.897 | Upper Bollinger Band |
---
### 🧠 **Strategic Interpretation**
- The asset is in **consolidation phase**, with a slight upward bias.
- Indicators suggest **moderate upward potential**, but weak volume may limit this movement.
- Conservative traders may wait for **breakout confirmation** above 5,508 with increased volume.
- Aggressive traders may consider entering with a target at 5,897, using a stop below 5,297.