Internet Computer

Rise

The post <a href="https://coinpedia.org/price-analysis/internet-computer-records-23-month-high-icp-to-hit-20-in-march/">Internet Computer Records 23-Month High! ICP To Hit $20 In March?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The crypto industry continues to display significant volatility as the top altcoins continue to record new highs constantly. Further, the <a href="https://coinpedia.org/price-prediction/internet-computer-icp-price-predictio/">ICP price</a> has successfully surpassed the $16 mark for the first time in 23 months, indicating a strong bullish sentiment in the crypto space. 
The <a href="https://markets.coinpedia.org/internet-computer/">Internet Computer</a> price traded in a closed range between $12.530 and $13.650 for a brief period, following which the bulls recorded a jump of 26.59% before facing rejection at $16. After this, the price experienced a bearish reversal, erasing all its gains, and further tested its low of $12.530. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/yp5rNZZ300orL0kqGf9vdgjm7pBMEqZi5t-TduX5C3qI1jX8oMVXf4F942P6lbugdcsgBCVKdCEZC-42Gz9SFSDZABZ02Yz94dwNOBfDRk_P0UJ4kGT1Kzx5r3IGqn3feR1gA9oVunB7Q2OUornH6Yk" alt="ICP Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: ICP/USDT
 </figcaption>
</figure> 
Following this, the bulls regained momentum and broke out of the resistance level, where the price displayed a neutral trend for the next nine days. As the market volatility grew, the bulls started trading under a bearish influence and lost approximately 23% over the next week. 
After testing its low of $10.740, the bulls jumped 27%, after which the price hovered close to its resistance/support level at $13.650. Recently, the bulls regained momentum and recorded a jump of over 24%. Positively, the Cross EMA 50/200-day shows a Golden Cross, highlighting a bullish influence. 
The MACD displays a constant green histogram in the chart, indicating an increased bullish sentiment within the crypto industry for this altcoin. Further, the averages show a significant rise, suggesting a positive price action for ICP price in the coming time. 
Also Read: <a href="https://coinpedia.org/price-analysis/ondo-price-achieves-a-new-all-time-high-will-ondo-hit-1-this-week/">ONDO Price Achieves A New All-time High! Will Ondo Hit $1 This Week?</a> 
<h2 class="wp-block-heading" id="h-will-icp-price-rise-again">Will ICP Price Rise Again?</h2> 
Following the increased price volatility, if the bulls hold the price above the support level of $16, the Internet Computer price will continue to gain power and prepare to test its resistance level of $18.250. Moreover, if the bulls continue to hold power, it will test its high of $20 in the coming time. 
Negatively, if a trend reversal occurs, the bulls will lose momentum and fall to test its lower support level of $15.350. Further, if the bulls fail to regain momentum, the ICP price will continue to bleed and test its low of $13.650. 
Also Check Out The: <a href="https://coinpedia.org/price-analysis/terra-tokens-display-bullish-sentiment-luna-price-to-test-2-soon/">Terra Tokens Display Bullish Sentiment! LUNA Price To Test $2 Soon?</a>

Internet Computer Records 23-Month High! ICP To Hit $20 In March?

Indice dei contenuti

CoinPedia News

Altri articoli pubblicati su 25 mar 2024

Sidus Heroes Joins ChainGPT's $1 Million Grant Program as Awardee

Terraform Labs Co-founder Do Kwon Freed from Jail in Montenegro

Buying Frenzy Erupts With New A.I Exchange Token As 11,000 Users Join In Weeks, Analyst Predict T...

Weekly Crypto Preview: Top Events And Coins To Watch

Expert Crypto Analyst Predicts Surge for Chainlink, Beam, and Floki

Ripple Developer Makes Call for Canary Network Amid XRPL Glitch

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!