Convergence

Internet Computer

Billion

Divergence

The post <a href="https://coinpedia.org/price-analysis/icp-price-gathers-bullish-momentum-internet-computer-price-to-record-15-jump-soon/">ICP Price Gathers Bullish Momentum! Internet Computer Price To Record 15% Jump Soon?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The ICP token has successfully crossed the $5 Billion valuation during the early trading hours today, resulting in it entering the top 20 tokens list. Further, the Internet Computer price has added over 7.5% within the past 24 hours, making it one of the top gainers of the day. 
The <a href="https://coinpedia.org/price-prediction/internet-computer-icp-price-predictio/">ICP coin price</a> constantly traded in a closed range between $8.801 and $10.320 for a brief period, following which the market gained momentum and the price surged. The Internet Computer token jumped over 58% in valuation, after which the price faced rejection at $13.966. 
After multiple attempts, the bulls regained momentum and broke out of the range. However, the rally was short-lived as the price faced rejection at $15.359. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/_qOUYcallXHXf0RyRrr-AR8Bjzb2Yj7hf6kYiwDbRsZ4JCkAUP_axkln3JMbp0SUDFY90WyHyTaE1bulbB5Ncl5N62JFpxz7SqOM2LPiLEGDo0nTatHRDdbEVE8KofionxKr8KWg6zeHy5xZaxb56W0" alt="ICP Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: ICP/USDT
 </figcaption>
</figure> 
The ICP price traded sideways for a while, following which the market lost momentum and the token recorded a correction of approximately 33%. 
The bulls quickly regained momentum and recorded a jump of 35.5% before facing rejection at $13.966. After this, the price traded between $12.219 and $13.966 for over a week. The bulls struggled to hold the price above the support level of $12.219, resulting in a price breakdown. 
Since then, the price has been constantly trading in a consolidated range between $10.320 and $12.219 and is on the verge of testing its resistance level, of which the outcome is unpredictable. 
<h2 class="wp-block-heading" id="h-will-icp-price-bounce-back">Will ICP Price Bounce Back?</h2> 
The Moving Average Convergence Divergence (MACD) displays a constant green histogram, indicating an increased bullish influence in the crypto industry. Further, the averages show a constant rise, suggesting the price will continue gaining value in the coming days. 
If the bulls push the price above the resistance level of $12.219, the ICP price will test its upper resistance level of $13.966 soon. Maintaining the price at that level will set the stage for the Internet Computer price to attempt to test its resistance level of $15.329 in the coming time. 
Conversely, if the bears overpowered the bulls, the ICP token would fall and test its support level of $10.320. Moreover, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $8.801 by next week.

ICP Price Gathers Bullish Momentum! Internet Computer Price To Record 15% Jump Soon?

Table of Contents

CoinPedia News

Other articles published on Jan 25, 2024

Solana Blockchain Introduces’ Token Extensions’ Allowing More Programmable Rules for Tokens

Axiom secures $20m for Ethereum data access

Swan Bitcoin announces mining business, revealing 750 BTC mined

Bitcoin Price Prediction: As Grayscale Outflows Top $1 Billion A Day, Inflows To This BTC Derivat...

Swan Bitcoin Ventures into Mining, Producing Significant BTC

Bitcoin Just Flipped Silver; Can $GFOX Flip $BONK?

Join our free newsletter for daily crypto updates!