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- 1 The Internet Computer crypto’s price decreased by 1.56% over the last week and it is trading below all major EMAs.
- 2 ICP is trading at $3.43730000 and the 52-week range is $3.19890000 – $8.20000000.
Internet Computer price plummeted by 0.41% in market value and by 3.56% in trading volume in the last 24 hours, as per coinmarketcap, a crypto data analysis website. Its market value is $1,517,947,153 and its trading volume is $13,150,788. There are 442,098,040 ICP in circulation.
Internet Computer crypto’s (ICP) open interest is $15.16 Million. As per coinglass, another crypto analysis website, it fell by 0.81% in the previous session. The long versus short ratio in Internet Computer crypto for 24 hours is 0.8295. The total number of short positions added in the last 24 hours is $0, against longs of $6.83K.
The ICP crypto has not performed well in the last month, decreasing by 20.83%, and plummeting by 44.27% in the last six months. Internet Computer crypto has a negative year-to-date return of 12.78% and a negative one-year return of 45.47%.
ICP Price Technical Analysis in the 1-Day Timeframe
ICP price showed a downward trend for the past month, decreasing by 20.79% during this period and the price fell significantly.
At the time of publication, ICP price is trading at a support around $3.43130000, and the price is facing resistance from the trendline.
Therefore, the ICP crypto price could continue to move downwards and reach the nearest support levels at $3.43130000 and $3.18447751 if it fails to maintain the current level.
However, if the ICP crypto price sustains at the current level and rises, then it might hit the nearest resistance levels of $3.97493602 and $4.89643603.
At the time of publishing, the ICP crypto price is trading below the 20 and 50-day EMAs (exponential moving averages), which are rejecting the price trend.
The MACD line, currently at 0.15146138, and the signal line, at 0.14813554, are positioned below the zero line, exhibiting an intertwined pattern that suggests consolidation in the MACD oscillator. Concurrently, the RSI value stands at 33.98 points, indicating an oversold condition in the market for ICP crypto. Furthermore, the 14-day SMA, situated below the median line at 32.94 points, further underscores the bearish sentiment, aligning with the overall outlook of bearishness for ICP crypto.
Conclusion
ICP crypto price prediction highlights the bearish sentiments of investors and traders regarding in the daily time frame. Internet Computer price action highlights a bearish view at the time of publishing. Moreover, the technical parameters of the Internet Computer price suggest the continuation of the downtrend over the daily timeframe chart. Major reliable indicators like the RSI, MACD, and EMA give negative signals regarding the price of ICP crypto.
Technical Levels:
- Support levels: The nearest support levels are $3.43130000 and $3.18447751.
- Resistance levels: The nearest resistance levels are $3.97493602 and $4.89643603.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
