Internet Computer (ICP) Price Prediction 2023-2030: Will ICP Price Rise Back Up?
- WBOYOriginal
- 2024-08-30 00:21:19996browse
Over the past few days, the Artificial Intelligence (AI) category has displayed a strong bullish price action. Moreover, top tokens have successfully
Artificial Intelligence (AI) tokens have displayed a bullish price action over the past few days. Top tokens have managed to surpass their crucial resistance levels, indicating an increase in the buying pressure for these altcoins in the crypto market.
However, ICP price has continued trading within a consolidated range between $6.625 and $8.825 for about 2 months, leading to questions like “Will ICP price ever rise back up?” and “Will ICP Price Go Up?”. Scroll down to uncover the price analysis and possible targets of the Internet Computer (ICP) cryptocurrency.
ICP Price Records A Consolidated Price Action
In the 1D time frame, Internet Computer has formed a descending triangle pattern and continued trading within it since mid-June. Moreover, this altcoin has faced multiple failures in breaking out of its resistance trendline, suggesting a decline in the buying pressure.
After recording a correction of 15.24% in the past month, ICP coin price has risen by 1.36% in the past day with a trading volume of $75.074 Million. Also, with a gain of 2.01% in the past week, this crypto token is placed in the 23rd position and has a market cap of $3.76 Billion.
Internet Computer Market Sentiments
In the technical indicators, the RSI has displayed a strong bullish reversal below the mid-point. Also, the average trendline has recorded a bullish convergence in the 1D time frame. This highlights an increasing price action for the altcoin in the market.
However, the MACD has recorded a constant decline in the green histogram with a flatline in its averages. This indicates a mixed sentiment for the altcoin this week.
Will ICP Price Rise Back Up?
If the bulls regain momentum, the Internet Computer price will retest its resistance level of $8.825. Maintaining the price at that level will set the stage for this crypto token to head toward its upper resistance level of $11.30 in the coming weeks.
On the other hand, if the bears continue to dominate the crypto market, the ICP coin price will plunge toward its crucial support trendline of $6.625 in the coming time.
Also, read our Helium (HNT) Price Prediction 2024-2030
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