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

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