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- 1 ICP price prediction is bearish till it trades below the $4.00 level.
- 2 Internet Computer price is stuck in narrow-range consolidation.
- 3 ICP crypto price is trading near to the yearly lows.
ICP price prediction is bearish for the short term as well as for the long term. It suggests prices are oversold so a minor pullback rally is possible.
Internet computer price is trading below the 50-day and 200-day EMA. It showcases a downtrend and bears continuing their dominance. However, the ICP crypto price has gone far away from the 50-day EMA so a relief rally may trigger anytime.
ICP price seems to be stuck in the narrow range between $3.158 to $4.105. Buyers look reluctant to build fresh long positions so it’s going to be difficult to defend the lows.
At the beginning of August, Internet Computer prices dropped below the 4.00 support. It triggers the negative sentiment and invites further decline. However, the downfall has taken a halt near $3.150 and buyers are trying their best to rebound.
ICP price is trading at $3.265 with an intraday decline of 0.21%. The 24-hour volume to market cap is 1.11%. The pair of ICP/BTC is trading at 0.0001269 with an intraday rise of 0.40%.
Will ICP Price Show Some Recovery in Sep?
ICP price prediction is favoring the bears and no strong signs of recovery are visible. ICP crypto has not performed well in the past few months and remained in the bear’s grip.
Buyers had tried multiple times to push the prices above the 50-day EMA but got rejected. It indicates that sellers are still active in the supply zone.
Till the ICP price trades below $4.00, any short-term pullback rally will face difficulty in holding the higher levels. However, if the situation changes and buyers succeed in breaking the $4.00 hurdle then short-term trend reversal is possible.
Internet Computer price is bearish on multiple time frames
Internet Computer price is bearish on multiple time frames. It formed a Doji candle on the weekly time frame indicating indecisiveness. The over-crypto market is bearish which might negatively impact the ICP price in the coming weeks.
The MACD curve is sloping sideways denoting prices lacking direction and more consolidation is possible. The RSI curve at 33 denotes prices are near the over territory. So a relief rally might trigger anytime from the lower levels.
Conclusion
ICP price prediction is bearish for the long term till ICP crypto trades below. The prices are near to the yearly lows and buyers are trying their best to rebound.
The technical analysis suggests Internet computer price looks oversold so a short-term pullback may come in September.
Technical levels
- Resistance levels: $4.100 and $4.590
- Support levels: $3.158 and $3.000
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
