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Artificial Intelligence

Internet Computer

Helium

<p>The post <a href="https://coinpedia.org/price-analysis/internet-computer-icp-price-eyes-to-hit-11-amid-bullish-reversal/" rel="noopener noreferrer nofollow">Internet Computer (ICP) Price Eyes To Hit $11 Amid Bullish Reversal?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Over the past few days, the Artificial Intelligence (AI) category has displayed a strong bullish price action. Moreover, top tokens have successfully surpassed their important resistance levels. This indicates an increase in the buying pressure for these altcoins in the crypto market.</p>
<p>However, the ICP price has continued trading within a consolidated range between $6.625 and $8.825 for about 2 months. This has resulted in a constant rise in questions like “Will ICP price ever rise back up?” and “Will ICP Price Go Up?”.</p>
<p>Scroll down to uncover the price analysis and possible targets of the Internet Computer (ICP) cryptocurrency.</p>
<h2 class="wp-block-heading" id="h-icp-price-records-a-consolidated-price-action">ICP Price Records A Consolidated Price Action</h2>
<p>The Internet Computer has formed a descending triangle pattern in the 1D time frame and has continued to trade within it since mid-June. Moreover, this altcoin has repeatedly failed to break out of its resistance trendline. This suggests a decline in the buying pressure.</p>
<figure class="wp-block-image"><img decoding="async" width="1432" height="756" src="https://image.coinpedia.org/wp-content/uploads/2024/08/29184558/image-557.png" alt="ICP Price Analysis 29th Aug 2024" class="wp-image-344404" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/29184558/image-557.png 1432w, https://image.coinpedia.org/wp-content/uploads/2024/08/29184558/image-557-300x158.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/29184558/image-557-1024x541.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/29184558/image-557-768x405.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/29184558/image-557-150x79.png 150w" sizes="(max-width: 1432px) 100vw, 1432px">
</figure>
<p>After recording a correction of 15.24% during the past month, the ICP coin price has jumped 1.36% within the past day with a trading volume of $75.074 Million. Further, with a jump of 2.01% over the past week, this crypto token has secured 23rd position with a market cap of $3.76 Billion.</p>
<h2 class="wp-block-heading" id="h-internet-computer-market-sentiments">Internet Computer Market Sentiments</h2>
<p>The technical indicator RSI has displayed a strong bullish reversal below the mid-point. Further, the average trendline has recorded a bullish convergence in the 1D time frame. This highlights increased price action for the altcoin in the market.</p>
<p>However, the MACD has recorded a constant decline in the green histogram with a constant flatline in its averages. This indicates a mixed sentiment for the altcoin this week.</p>
<h2 class="wp-block-heading" id="h-will-icp-price-rise-back-up">Will ICP Price Rise Back Up?</h2>
<p>Suppose, the bulls regain momentum, in that case, the <a href="https://coinpedia.org/price-prediction/internet-computer-icp-price-predictio/" target="_blank" rel="noopener noreferrer nofollow">Internet Computer price</a> 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 during the upcoming weeks.</p>
<p>On the flip side, 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.</p>
<p>Also, read our <a href="https://coinpedia.org/price-prediction/helium-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Helium (HNT) Price Prediction 2024-2030</a></p>

Internet Computer (ICP) Price Eyes To Hit $11 Amid Bullish Reversal?

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