Internet Computer (ICP) prices have performed well over the past week, breaking through key barriers.
But will this growth continue if investors lose their bullishness?
Internet computing reaches new milestone
Internet computer prices have risen in recent days as networks approach new achievements. This milestone was achieved when Internet Computer verified his 3 billion block during intraday trading hours on Monday.
This achievement is the first in nearly three years since the protocol’s launch in May 2021, currently processing over 44.87 blocks per second.
Read more: Internet Computer (ICP) Price Prediction 2023/2025/2030
In addition to this achievement, the altcoin has received significant support from investors who remain optimistic for further price increases despite the rally. This is evidenced by the significant sentiment of his ICP holders, which is showing a bullish stance as of this writing.
Therefore, ICP price may rise further and even cross the $18 mark.
ICP Price Prediction: What Happens After the 54% Rise?
The price of Internet Computers has increased by 54.45% in the last few days, reaching $17, up sharply from $10.91. The altcoin was in line with BeInCrypto’s prediction, which expected it to rise to $15 by the end of the month.
Going forward, despite the massive rally, ICP could potentially extend the uptrend a bit more and tag the $18 resistance level. If this barrier is overcome, the altcoin will hit a 30-month high.
However, ICP price will face resistance if it closes above the $17 resistance bar. This cryptocurrency has failed once in the past, and another case is likely to result in some sort of correction.
Read more: Internet Computer (ICP) Coin Explained for Beginners
Therefore, ICP could witness a drawdown to $15.34 during the market cooling down, which could invalidate our bullish theory.
Disclaimer
In accordance with Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Although BeInCrypto strives for accurate and unbiased reporting, market conditions are subject to change without notice. Always do your own research and consult a professional before making any financial decisions. Please note that our Terms of Use, Privacy Policy and Disclaimer have been updated.
