Internet Computer (ICP) has experienced a decline of 3.07% against the US Dollar, with ICP/BTC and ICP/ETH decreasing by 3.51% and 2.38% respectively. The cryptocurrency is currently trading 9.14% below our prediction for October 10, 2023. Over the past month, ICP has dropped 7.29% and is down 48.57% since a year ago.
The overall sentiment for ICP is bearish, with 24 out of 26 indicators signaling a negative prediction. The Fear & Greed index is currently neutral at 48, indicating that investors have a neutral outlook on the market.
ICP is trading above its 50-day and 200-day Simple Moving Averages (SMA), signaling bullish market conditions. However, considering the above factors and the unpredictable nature of the cryptocurrency markets, our current forecast for ICP's price prediction remains bearish. The cryptocurrency would need to increase by 9.42% to reach our target of $3.38 within the next five days.