Internet Computer token (ICP token) price is in a tight range and is consolidating between $3 – $3.40. Moreover, the price action shows lower investor interest and has faced selling pressures in the past months. ICP price is in a downtrend and has showcased range breakdown multiple times from the highs of $10. It lost more than 55% in the past months, showing the sellers’ dominance. Furthermore, the ICP token price has persisted in forming lower lows and could not reverse the trend amid the negative cues. However, the correction is close to the end, and bulls are trying for a pullback to retest the 200-day EMA near $ 4,500.
ICP token price has made a cage, and the price is near the upper neckline of $3.20, which, if it breaks, the 50-day EMA is likely to be surpassed. Furthermore, the chart shows that the slow & steady ICP price has lost the gains and has retested the round mark of $3.00 in the past sessions. Recently, Internet Computer hosted the monthly cybersecurity meetup on Oct 5th, and buying interest was again witnessed on the charts. However, buyers must smash the immediate neckline of $3.20 to regain strength. Furthermore, for a significant reversal, the trajectory hurdle of $3.50 is the make-or-break zone for the bulls to split in the following sessions.
At press time, the ICP token price was $3.116 with an intraday gain of 1.43%, showing buying interest in yesterday’s session. Moreover, the trading volume increased by 0.87% to $15.10 Million, and the pair of ICP/BTC is at 0.000112 BTC. However, the market cap of ICP token is $1.39 Billion. Furthermore, analysts maintained a neutral rating and suggested underperformance for the upcoming sessions.
#BTC #icp #crypto2023 #CryptoTalks
ICP token price has made a cage, and the price is near the upper neckline of $3.20, which, if it breaks, the 50-day EMA is likely to be surpassed. Furthermore, the chart shows that the slow & steady ICP price has lost the gains and has retested the round mark of $3.00 in the past sessions. Recently, Internet Computer hosted the monthly cybersecurity meetup on Oct 5th, and buying interest was again witnessed on the charts. However, buyers must smash the immediate neckline of $3.20 to regain strength. Furthermore, for a significant reversal, the trajectory hurdle of $3.50 is the make-or-break zone for the bulls to split in the following sessions.
At press time, the ICP token price was $3.116 with an intraday gain of 1.43%, showing buying interest in yesterday’s session. Moreover, the trading volume increased by 0.87% to $15.10 Million, and the pair of ICP/BTC is at 0.000112 BTC. However, the market cap of ICP token is $1.39 Billion. Furthermore, analysts maintained a neutral rating and suggested underperformance for the upcoming sessions.
#BTC #icp #crypto2023 #CryptoTalks
