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Internet Computer Price Analysis: ICP Coin Price Regain Its Momentum For A New High

  • ICP coin price is currently showing a strength for a new high being formed in the future. It might soon see a breakout above $200
  • Internet computer price technical indicator hints towards a strong upside momentum in price for the future . Meanwhile, ICP/BTC pair has also seen a gain of more than 1.1% in the past 24 hours.

ICP coin price is looking to break the threshold of $100 and can soon see a new high being formed in the future. Internet computer price has seen a gain of more than 2% in the intraday session and is trading near the value of $66. ICP/BTC pair has also seen a breakout and can soon see a new high in the future. ICP coin has a negative ROI but it can soon convert to the positive one.  One can forecast a new high in ICP in the future. .One can invest in ICP as per the price action and their risk adversity

ICP coin has observed a downslide of more than 85% from it’s all time high. It is ranked 17 th in the CMC and has a market dominance of more than 0.05%. The volume of the Internet Computer price along with the market cap is observing an increase in the past few days. Volume to market capitalization ratio of the ICP price suggests a downside momentum in price for the future

Technical Indicators Of ICP Coin Price Hints A Strong Bullish Momentum For The Future

Source: Trading view

The weekly technical chart of the ICP coin suggests a strong upside momentum in price for the future. On the daily chart the coin price is seeing an upside momentum for a new high. ICP coin price may face resistance while going upwards near the value of $80. Meanwhile, the support of the asset can be found near $50. Internet Computer price is currently trading above the 50 and 100 Daily Moving Average with a positive crossover in the past. The breakout above 100MA can push the price to further highs. The 50 MA line is currently near $63  acting as a temporary support zone. ICP/BTC pair can also see new highs being formed in the future One can invest in the ICP as per their risk capacity and price action

Conclusion

ICP coin price is currently seeing a strong upside momentum in price and can soon see a new high . The ICP/BTC pair can also see a new high being formed in the future

Technical Indicators

Major Resistance:$150

Major Support:$50

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Adarsh Singh: Adarsh singh is an Stock market and financial market advisor trader with background in Engineering. He specialises in Technical Analysis while possessing strong computational skills.