ICPUSD (Chart of the day)

The Internet Computer Protocol (ICP) is a blockchain based on threshold cryptography, state machine replication, and a novel consensus algorithm.

The Internet Computer Protocol (ICP) token has been surging in recent days, and now ranks among the best performers in the top 100 cryptocurrencies by market capitalization.

ICP is a blockchain that uses threshold cryptography, state machine replication, and a novel consensus algorithm to host smart contracts that can host web assets and serve HTTP requests from users.

ICP shards smart contracts over multiple instances of the blockchain, each of which is called a subnet and runs in parallel with other subnets. Each ICP subnet has a fixed public key.

ICPUSD was up nearly 80% from the low of $5.81, and the pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $13.79 and is currently trading around $13.39.

Any daily close above $15.25 confirms further bullishness.

A bullish invalidation can happen if the pair closes below $5.50. On the lower side, the near-term support is $9.50. Any break below targets $8.60/$7.

The immediate resistance stands at around $10.26. Any breach above confirms a minor pullback. A jump to $11.50/$13 is possible. A surge past $13 will take to $15.

It is good to buy on dips around $8.60 with SL around $7 for TP of $13.

The above is the detailed content of ICPUSD (Chart of the day). For more information, please follow other related articles on the PHP Chinese website!