Warning Signs for Internet Protocol Crypto Price: Bearish Reversal on the Horizon?

The Internet Protocol crypto price has shown interesting dynamics in the recent 4-hour trading sessions, marked by gradual fluctuations amidst a volatile trading environment. 

In the latest sessions, $ICP recorded closing prices of $13.503, $13.341, $13.245, $13.335, and $13.168. The 9 Exponential Moving Average (EMA) has seen a slight increase from $13.087 to $13.189, signaling potential bullish momentum. However, the 20 EMA from $12.746 to $12.918 also indicates a bullish trend as it trails the 9 EMA closely but remains below it.

The Moving Average Convergence Divergence (MACD) values have demonstrated a subtle decrease from 0.340 to 0.310. Although the MACD line remains above the signal line across these sessions, the decreasing histogram values from 0.096 to 0.020 suggest a weakening of the bullish momentum, hinting at a possible consolidation or reversal in the near term.

The Relative Strength Index (RSI) shows a decrease from a high of 71.79 to a more moderate 59.85. This retreat from the overbought territory indicates a cooling off of buying pressure. 

Looking at the immediate technical setup, the Internet Protocol crypto price finds itself hovering near a critical support level at $13.1, with further support lying at $13.011 and $12.935. Resistance levels are observed at $13.423 and $13.515, which could cap upward movements unless a significant influx of volume occurs. #ICP #write2earn🌐💹 #BullorBear
The full analysis and trade strategy were originally posted on ecoinimist.com.