CandleFocus ICP Nears Key Resistance As Analysts Set Targets Up To $30
2024-11-10
Author: Content Editor
The cryptocurrency Internet Computer (ICP) has experienced a bullish recovery, trading at $8.117 with a 3.82% increase in the last 24 hours. Technical indicators suggest that the upward momentum may continue, but traders may encounter resistance at the upper Bollinger Band around $8.512. If this resistance level is cleared, the upward trend could continue, potentially drawing more demand. ICP has initial support at the 20-day SMA at $7.832 and a stronger support level below the lower Bollinger Band at $7.152. The Relative Strength Index (RSI) at 54.10 indicates a moderate bullish sentiment. Analysts suggest that the current consolidation range between $7 and $9 presents an attractive entry zone for long-term investors. Predictions on ICP state that it may rally to $40 by 2030, and its market cap has increased to 3.94B.
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