ICP Coin Price Prediction: Will ICP Crypto Hit $10 Mark?

• 1 ICP is currently trading at $4.12 with a rise of 3.45% in the last 24 hours.
• 2 ICP live market cap is $1.8 Billion with the 24 hours trading volume of $19 Million.

The Internet Computer Protocol (ICP) blockchain is a revolutionary blockchain design powered by cryptography. It provides the first “world computer” blockchain that can be used to build almost any online system or service, including web social media that do not require traditional IT such as cloud computing services. As such, it enables complete end-to-end decentralisation.

In the past year, ICP gave a negative return of -34.9%. It has a circulating supply of 440 Million with a 24-hour trading volume of $18,164,203.40. Volume fell by 31.90% in a day. Internet Computer fell -99.43% from its peak price of $700.65.

ICP-based projects are projects built on or utilising the Internet Computer blockchain. This decentralized platform aims to provide a “world computer” that can run any online system or service without traditional IT infrastructure. Some examples of ICP-based projects are International Comparison Program (ICP) – World Bank Group and The DFINITY Foundation.

ICP Crypto Price Analysis

The current value of RSI is 44.32 points, and the 14 SMA line is below the median line, around 47.32 points which shows bearish sentiment in the market. The fact that the 14 Day SMA line is under the median could signal a negative trend or bearish sentiment in the market, as the price is currently in an oversold zone.

In the stochastic RSI, the %d line is at 20.23, and the %k line is at 1.01 points. The %d line clearly shows that RSI is in the overbought zone. On the other hand, the %k line shows negative sentiments about the price.

The MACD also gave a bearish signal. The MACD value is -0.042, and the signal value is -0.037, both below the zero line, suggesting the MACD is in negative territory and giving bearish signals.

Conclusion 

Internet Computer Protocol crypto price shows a negative outlook for the near future. Key indicators such as EMA, RSI, and MACD are bearish on the ICP coin. Investors are also not showing any strong buying interest, which could be due to the poor performance of the coin.

Technical levels-

 Disclaimer

The analysis given in this article is for informational and educational use only. Do not take this information as financial or trading advice. Trading and investing contain financial risk. Before making any investment or trading decision, please consider your risk profile and circumstances.