$ICP shot up 13% in a single day, is it a dead cat bounce or a new narrative?

Data shows that the price of $ICP rebounded from a low of $2.27 to $2.57, with 24-hour trading volume surging to $112 million. But let’s not forget, it plummeted 99.63% from its all-time high of $700, and now has a market cap of only $1.42 billion.
Veteran traders know that such sharp rebounds after deep drops often signify just a fleeting liquidity rotation. With the market narrative shifting, the “world computer” story of $ICP has been put on hold. This rebound feels more like short-term capital hunting for bargains rather than a return to long-term value. Smart money might be testing the waters, but retail traders could easily get caught up in the hype.
Looking at it calmly, it has dropped 51.99% over the year and has seen a nearly 10% decline over the last 30 days. The downward channel hasn’t broken, so any rebound is just a house of cards.
In the crypto world, surviving longer is more important than making quick profits.#TradFiCFDGoldMasters