The post Internet Computer (ICP) Price Breakout Rally Hints A 40% Surge? appeared first on Coinpedia Fintech News
As the crypto market stabilizes above the $2.20 Trillion mark, the AI category has started regaining momentum. This indicates a high possibility of a bullish recovery of this category during the upcoming Q4!
With the rising hype of Artificial Intelligence (AI) tokens in the crypto space, is this the right time to invest in the Internet Computer (ICP) crypto token for the upcoming Altcoin season?
ICP Crypto Price Breaks Its Important Resistance Level:
With an intra-day jump of 6.18% and a trading volume of $124.53 million, the Internat Computer price has breached its important resistance level of $8.825. Moreover, it has jumped 11.23% over the past seven days and is currently valued at $9.057.
Moreover, it has jumped ~4% during the past 30 days. Despite recording a YTD return of -32.79%, it has secured the 21st position in the global crypto-list with a market capitalization of $4.218 billion.
Internet Computer Technical Sentiments
The EMA 50-day acts as a support to the Internet Computer price chart in the 1D time frame. This highlights increased bullish sentiment for the Artificial Intelligence (AI) token in the crypto space.
The Moving Average Convergence Divergence (MACD) shows a constant rise in the green histogram with its averages recording a bullish action. This suggests that the price will continue gaining value in the coming time.
Will ICP Price Reach $20 This Year?
If the bulls hold the price above its important support level of $8.825, the Internet Computer price will prepare to test its resistance level of $11.30. Moreover, if the market continues trading under a bullish influence, this could result in it heading toward its upper high of $13.910.
However, if the bears regain momentum, the ICP price will retest its support trendline of $8.825. Further, if the bears continue dominating the market, the Internet Computer token could test its low of $6.625.
Curious about ICP’s long-term prospects? Read our Internet Computer Price Prediction!