📊💥 Internet Computer (ICP) Price Analysis: A Wild Ride of Volatility!
Internet Computer (ICP) experienced a significant drop after failing to break the $10 barrier on Friday, September 27. Since then, it has seen a sharp decline, moving below key support levels and both the 20-day and 50-day SMAs.
📉 Bearish Decline & Recovery Attempts
By Wednesday, ICP had dropped to $8, after losing almost 4%. Thursday saw heightened volatility, with a day low of $7.70, but ICP managed to recover slightly by the end of the day.
🔥 Bullish Sentiment Kicks In!
On Friday, bulls made their move, pushing ICP back above the 50-day SMA with a strong 4.11% increase, settling at $8.36.
📊 Weekend Movements
Saturday saw a slight pullback as ICP dipped 2% to $8.20, but crucially, it held above the $8 mark. The bullish momentum resumed on Sunday as ICP rebounded from the 50-day SMA, rising nearly 4% and closing at $8.51.
⚔️ Struggle at the Start of the Week
On Monday, buyers tried to push ICP past the 20-day SMA, hitting a high of $8.65, but were met with strong selling pressure. This led to a sharp decline of 5.52%, bringing ICP back down to $8.04 below the 50-day SMA.
🔄 Current Session: Battle for $8
As of now, ICP is down by 0.50% as sellers aim to drag it below $8, while buyers fight to regain control above the 50-day SMA.
🧠 Doc’s Tip:
Stay alert for a potential bounce-back from the $8 mark! If buyers regain momentum above the 50-day SMA, ICP could be poised for another push toward the $9 level.
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