ICP Price Declines After Reaching $5.75 Due to Heavy Distribution

I observe that ICP is pulling back from its recent peak of $5.75 due to significant selling pressure. This decline suggests that traders are taking profits or that a shift in market sentiment is occurring, leading to heavy distribution. Such movements often indicate caution, as the rapid ascent may have attracted short-term traders seeking quick gains, possibly foreshadowing a potential further correction or consolidation phase in ICP's price.