•ICP/USD is currently priced at $18.94 and has increased by 1.21% over the past day
•The trading volumes have increased by an astounding 73.54% over the past intraday session
•The technical indicators suggest bullish momentum to continue
Short Term View: Internet Computer prices zoom up
Today, the Internet Computer price is $18.94 with a 24-hour trading volume of $402,249,874. Internet Computer coin is up 1.21% in the last 24 hours. The trading volumes have increased manifolds over the previous intraday session, suggesting increased investor activity. The Volume to Market Cap Ratio, on the other hand, stands at 0.1019.
The golden run of May 2021 saw the Internet Computer coin reach its all-time high of $750.73. Although the ICP coin price has drastically plunged from its peak, the recent price action contributes to the bullish ICP crypto price prediction. The altcoin trades above the 50 SMA on the daily chart, which is good news for the bulls. If the momentum sustains, the resistance for the coin is placed at $19.4. In a trend reversal, the support is placed at $18.4.
Long Term View
The rally’s strength is indicated by the MACD line, which trades above the signal line on the daily chart. Histograms are positive, which bodes well for the immediate future of Internet Computer coin. The RSI currently stands at 45.71 and has been increasing consistently over the past day, suggesting increased buying activity.
Conclusion
The Internet Computer price has shown a constant rise in buying pressure from the demand zone, which has led the price to undergo an uptrend. The volumes also look good with the breakout. Therefore, we can expect the price to continue its upward trajectory further.
Support: $18.4-$18.1
Resistance: $19.4
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.