Internet Computer

Strong

Momentum

Resistance

<ul class="news-points"> 
 <li>ICP’s bullish surge faces resistance at $3.39, signaling a potential reversal.</li> 
 <li>Increasing volatility and fading momentum hint at an ICP price downturn.</li> 
 <li>CMF is close to zero, and weakening TSI highlights waning buying pressure for ICP.</li> 
</ul> 
Bullish momentum has prevailed in the <a href="https://coinedition.com/tag/Internet-Computer-ICP/">Internet Computer (ICP)</a> in the previous 24 hours after support at $3.27 was established. Despite the bullish momentum, the ICP intra-day high of $3.39 remained too strong for buyers to overcome. 
ICP traded at $3.32 at press time, slightly retreating from previous highs. This present price level shows that there is still a hurdle to overcome before establishing a prolonged rising trend. 
During the bull run, ICP’s market capitalization and 24-hour trading volume increased by 0.43% and 38.26%, respectively, to $1,469,922,257 and $17,775,377. This increase in market valuation and trade volume shows investors are keen on ICP. However, the bull’s failure to break over the $3.39 resistance level signals that selling pressure is coming. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img decoding="async" width="699" height="539" src="https://coinedition.com/wp-content/uploads/2023/09/ICP-1.png" alt="" class="wp-image-334498" srcset="https://coinedition.com/wp-content/uploads/2023/09/ICP-1.png 699w, https://coinedition.com/wp-content/uploads/2023/09/ICP-1-300x231.png 300w, https://coinedition.com/wp-content/uploads/2023/09/ICP-1-227x175.png 227w, https://coinedition.com/wp-content/uploads/2023/09/ICP-1-380x293.png 380w, https://coinedition.com/wp-content/uploads/2023/09/ICP-1-508x392.png 508w, https://coinedition.com/wp-content/uploads/2023/09/ICP-1-91x70.png 91w, https://coinedition.com/wp-content/uploads/2023/09/ICP-1-115x89.png 115w, https://coinedition.com/wp-content/uploads/2023/09/ICP-1-185x143.png 185w, https://coinedition.com/wp-content/uploads/2023/09/ICP-1-577x445.png 577w, https://coinedition.com/wp-content/uploads/2023/09/ICP-1-320x247.png 320w, https://coinedition.com/wp-content/uploads/2023/09/ICP-1-311x240.png 311w, https://coinedition.com/wp-content/uploads/2023/09/ICP-1-214x165.png 214w, https://coinedition.com/wp-content/uploads/2023/09/ICP-1-274x211.png 274w, https://coinedition.com/wp-content/uploads/2023/09/ICP-1-240x185.png 240w, https://coinedition.com/wp-content/uploads/2023/09/ICP-1-105x81.png 105w, https://coinedition.com/wp-content/uploads/2023/09/ICP-1-97x75.png 97w" sizes="(max-width: 699px) 100vw, 699px">
 <figcaption class="wp-element-caption">
 ICP/USD 24-hour price chart (source: <a href="https://coinmarketcap.com/currencies/internet-computer/#News" target="_blank" rel="nofollow">CoinMarketCap</a>)
 </figcaption>
 </figure>
</div> 
The expansion of Bollinger bands on the ICP 4-hour price chart indicates higher volatility in the ICP m…
The post <a rel="nofollow" href="https://coinedition.com/icps-bullish-surge-faces-strong-resistance-as-momentum-fades/">ICP’s Bullish Surge Faces Strong Resistance as Momentum Fades</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

ICP’s Bullish Surge Faces Strong Resistance as Momentum Fades

Coin Edition

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