ICP Price Structure and Market Position
The ICP price is approaching multiple Fibonacci extension levels, which often align with the completion of an initial impulsive wave. After a strong upward move, the structure suggests the market could shift into a corrective Wave 2, leading to a pullback. The highlighted 38.2% to 61.8% retracement range could act as support, determining whether bullish momentum continues into a potential Wave 3.
Internet Computer shows signs of completing an initial upward phase on the 4-hour chart, and the price now approaches technical regions that may influence its short-term direction. Meanwhile, Hong Kong’s first spot Solana ETF is set to begin trading on October 27, and the product enters a market that continues to expand regulated crypto offerings. Both developments reflect ongoing activity across different areas of the digital asset sector.
ICP moved upward from a recent low, and chart readings suggest the advance formed an impulsive Wave 1 pattern. ICP now trades near an area defined by Fibonacci extension levels, and this region often indicates slowing upward momentum. ICP remains above its initial breakout range, and that zone continues to act as structural support.
$SHIB (Shiba Inu) looks to be already broken out of a key accumulation and prices, which showed bull divergences early this year, can be preparing here for an ~200% move to test a resistance in the $0.000032s again. pic.twitter.com/Xw104EUT75
— JAVONMARKS (@JavonTM1) November 9, 2025
ICP also approaches extension targets around the 100% and 161.8% marks, and these levels can serve as temporary ceilings. ICP may react within this band before determining whether momentum continues or cools. ICP staying above the breakout structure would signal that the trend remains intact.
ICP could experience a pullback toward retracement areas marked at 38.2%, 50%, and 61.8% on the chart. ICP entering these zones would align with typical Wave 2 market behavior following a strong upward move. ICP may seek support in this region before any attempt to resume its prior momentum.
Hong Kong Spot Solana ETF Launch
The first spot Solana ETF in Hong Kong begins trading on October 27, and it enters a regulated exchange environment. The ETF provides structured exposure to Solana’s market price, and it operates under regional compliance standards. The listing continues Hong Kong’s ongoing expansion of digital asset financial instruments.
The new product adds to existing offerings that include spot Bitcoin and spot Ethereum ETFs. The introduction of a Solana ETF marks another step in broadening available asset coverage. The market now awaits how the product integrates into current trading activity.
Broader interest in regulated digital asset funds has increased, and Hong Kong continues to position itself as a hub for compliant crypto market access. The region aims to balance innovation with oversight. The ETF launch reflects this approach and extends institutional pathways into the digital asset sector.