CandleFocus Breaking News: Internet Computer Surges Over 10% in 24 Hours
2024-09-11
Author: Content Editor
The price of Internet Computer (ICP) has surged by over 10% in the last 24 hours, attracting attention in the crypto space. Positive on-chain metrics, such as a bullish long/short ratio and rising futures open interest, suggest that market participants expect further price increases. Despite being down 98% from its all-time high, ICP has shown resilience and outperformed many other cryptocurrencies. It is currently trading below its 200-day moving average, indicating a consolidation phase, but the market conditions favor a bullish continuation. In the short term, ICP could target $20-$25, but sustained market confidence and improved macro conditions would be needed for further growth.
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