- Internet computer coin over the monthly chart is trading sideways with average volume activity over the chart.
- The crypto asset is currently trading sideways and falls below its all vital moving averages of 20, 50, 100, and 200-day lines, and technical parameter are projecting consolidation over the monthly chart.
- The pair of ICP/BTC is trading at 0.0007097 BTC with an intraday loss of -0.16%, and the ratio of ICP/ETH is CMP at 0.01045 ETH with a 24-hour change of +0.38%
Internet computer coin is trading sideways at the monthly chart, with no sign of clear momentum. Volume activity at the monthly chart is average and needs to improve in upcoming trading sessions for a substantial upside. ICP token is trying to recover after a gradual decline from the higher side and needs improvement in volume action. Once the token jumps above all its DMA lines, supportive volume activity will boost the next lap of a bullish move to $62.
The technical parameter is projecting a mixed or neutral trend over the monthly chart. Support on the lower side is $38.55 and $32.00, whereas resistance on the higher side is $52.00 and $57.75.
Internet computer coin at the weekly chart is trying to move higher
Internet computer coin at the weekly chart is trying to move higher, after a sharp selloff from the higher levels. Meanwhile, the technical parameters are also trying to recover from the lower levels and head towards the higher side. Volume activity at the 4-hour time frame is lower and needs to improve sharply for a strong bounce back. ICP price is trading at $43.30 with an intraday recovery of +3.56%, and the volume to market cap ratio is 0.06625.
Relative Strength Index (BULLISH): The weekly chart shows that the Internet computer coin is heading towards the higher or overbought zone. In contrast, the coin trades near the lower area and projects a slight recovery with good buying action, RSI at 44.
Moving Average Convergence Divergence (BEARISH): The daily chart projects a bearish trend at the 4-hour time frame. At the same time, the seller’s line (red) overpowers the buyer’s signal line (green) with an upcoming positive crossover.
Support levels: $38.55 and $32.00,
Resistance levels: $52.00 and $57.75.