The Internet Computer cryptocurrency is regaining its previous high of $16. Let’s take a look at the future outlook for ICP prices together.
Current state of Internet computer (ICP) cryptography
Internet Computer (ICP) price reached a high of $16.30 and fell to a symbolic threshold of $10. From this level, the cryptocurrency rebounded and reached $14. ICP then continued this momentum by forming a bullish channel and returned to its previous peak. However, it is worth noting that we have reached the liquidation area highlighted in our analysis on February 21, 2023, and reaching these levels indicates buyer interest.
Unfortunately, after regaining the $16.3 level, Internet Computer Crypto (ICP) price suffered a bearish move and fell to $11. As of this writing, ICP is trading around $14.5. This indicates increased buyer interest to counter the newly established selling pressure. Despite the turbulence, ICP has managed to maintain above its 50-day moving average, which is reassuring for the continuation of the uptrend. We are seeing a decline in momentum on the oscillator, suggesting investors are cautious.
The current technical analysis was performed in collaboration with Elie FT, an investor and avid trader in the cryptocurrency market.Today is a trainer family tradingis a community of thousands of proprietary traders active since 2017. You’ll find live sessions, educational content and mutual support on financial markets in a professional and warm atmosphere.
Focus on Internet Computer Derivatives (ICPUSDT)
A heat map of internet computer liquidations reveals that the ICP cryptocurrency has recently crossed several liquidation thresholds. Currently, the most important liquidation area closest to the current price is between $15 and $16, just above current levels. Below that, it’s also important to look at the $10 zone around $13 and even lower. As prices approach these levels, large order executions may be triggered, increasing the likelihood of a period of increased Celestia volatility. These zones represent key points of interest for investors.
Internet Computer (ICP) Price Hypothesis
- If the price of Internet Computer remains above $13, we can expect the cryptocurrency to continue its bullish trend to $15 and even $16. If the latter is exceeded, the next bullish target could be the psychological threshold of $20, or even above it at $25. At this stage, this represents an increase of more than 70%.
- If the price of internet computers cannot sustain above $13, the cryptocurrency may consider retreating to the $10 and even $9 range. If the decline continues, the next support level to consider would be around $8. At this level, the reduction corresponds to approximately -45%.
conclusion
The Internet Computer Cryptocurrency ICP has shown remarkable resilience in the face of market fluctuations, oscillating between volatility and growth while maintaining an overall upward trend. This tenacity despite weakening momentum shows steady confidence among buyers and anticipates a potential technical breakout above $16. However, it is important to carefully observe price reactions to various key levels to confirm or refute current assumptions. In each scenario, it is also important to remain vigilant against potential ‘fakeouts’ or market ‘squeezes’. Finally, please keep in mind that these analyzes are based solely on technical criteria and that cryptocurrency prices can change rapidly based on other more fundamental factors as well.
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In 2017, Family Trading helped active traders raise capital, continued trading with financial institutions, ensured the safety of CryptoMone, and supported Erie FT, the passion of investors and traders. Marche Cryptocurrency trading.
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