Internet Computer Price Analysis: Bears Still Active to Dump ICP Coin Near Conceptual Round Level of $10


  • Internet Computer Coin suggests Rounding Bottom recovery in a shorter time frame.
  • The ICP token is training above the crucial 20,50 and 100-day moving averages.
  • Amid a bullish trend, traders became part of the increased volatility over the past 24 hours.

The Internet Computer Coin is completely in control of buyers as price action is forming higher highs and higher lows on the daily price scale. After reversing from 52-week lows, buyers recovered around 68% in July, a clear testament to the dominance of buyers over the ICP coin.

ICP Crypto struggled under a pullback over the past few days in August. After the recent retracement phase last week, buyers make a recovery attempt and the price action also shows a round-down recovery this week. Between pump and dump, the $7.8 level has acted as a support so far and it remains valid.

At the time of writing, ICP Coin is trading bullish in the intraday trading session at $8.5 mark. Although buyers witnessed a retracement phase this week, as a result, the coin is down 6.3% this week. The market cap is above $2.1 billion according to CMC, where the BTC pair with ICP coin is up 3% at 0.0003634 Satoshis.

On the daily price graph, the ICP token is training above the crucial 20,50 and 100-days moving averages. Amid a bullish trend, traders were part of the increase in volatility over the past 24 hours.

Will Buyers Break $10-level Next Week?

Stoch RSI Indicator creates confusion among traders as indicator spots at 50-level. Moreover, the MACD indicator continues to move in positive territory in terms of the daily price scale.

conclusion

The Internet Computer (ICP) coin is looking negative based on the weekly time frame window. Despite this fact, buyers are barely making an attempt to reverse the coin near the $7.8 resistance area. The conceptual round level is the biggest challenge for the buyers in the coming days.

Technical Levels

Support level – $6.0 and $5.0

Resistance level – $10 and $20

Disclaimer 

The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Latest posts by Ritika Sharma (see all)

Related Posts

Ethereum Merge Attracts Institutional Investors

ETH Price at the time of writing – $1,708.65 The Merge aims to eliminate the energy-intensive mining process ETH Market Cap – $208,138,530,752 The planning of the…

What The Impending Triple Halvening Means

There can be a yearly reduction in ETH issuance from 4.3% to 0.4% EIP-1559 was the Ethereum upgrade that removed a third of all transaction fees Withdrawals…

Cleanspark Acquires Plug-in-Ready Bitcoin Mining Facility

BTC Price at the time of writing – $23,093.05 The crypto asset’s hashrate slipped 1.7% lower in Q2  The new facility has the capacity to host up…

 Nuri, The German Crypto Bank, Has 500K Users Files For Insolvency

Nuri stated that it has been facing a lasting strain on its business liquidity The reason is – significant macroeconomic headwinds and the cooling down of public…

Iran Makes $10M Import With Crypto

No Result View All Result © Copyright 2022. The Coin Republic Are you sure want to unlock this post? Unlock left : 0 Yes No Are you…

 Virtual Malibu Mansion Built And Owned By Paris Hilton

OG crypto sovereign Hilton is reinforcing her Web3 presence Sandbox provides a creative space that allows anyone to let their imagination come to life Paris World will…