Cherish these chips that are about to soar 100 times!
ICP
The Internet Computer Protocol (ICP) is a revolutionary blockchain designed to power internet-scale decentralized applications (dApps). The native cryptocurrency ICP is currently trading at $11.13, maintaining the recent bottom support of $9.76. Daily chart analysis shows that the ICP price has formed a classic reversal pattern called a "cup with handle". The chart setup shows a long-term accumulation phase in the shape of a saucer and a temporary pullback in the shape of a handle. If true, the pattern should cause the altcoin to rise 80% before challenging the neckline resistance of $15.65. A rebound after the breakout could allow the asset to breakout.
Swarms
Recently, the price of Swarms has continued to surge, with trading volume increasing by 51% to $274 million, showing strong bullish sentiment in the market. From the 4-hour chart, the price action of Swarms presents a typical parabolic pattern, showing strong upward momentum.
The key support level is $0.2111, and the current price is well above this support level, indicating that the market sentiment is very positive. Although the RSI indicator has entered the overbought area, the strong upward trend may continue to maintain and may continue to rise in the short term.
DOGE
Dogecoin has been active recently, with a significant increase in market trading volume, especially driven by "whale" investors, with a significant increase in transactions with a volume of more than $100,000. This phenomenon shows that the market's attention to Dogecoin is gradually increasing, and the price may rise.
Historical data shows that January is usually the peak season for Dogecoin, with an average return rate of 85%, among which the performance in 2014 and 2021 brought huge returns of 250% and 700% respectively. Although the overall return is relatively mild, the market is bullish considering the continued growth of open interest in the futures market.
Although DOGE faces resistance at $0.40 in the short term, the market's forecast for future prices remains optimistic, and it is expected that it may break the $1 mark by 2025, and the market value may even exceed $100 billion. The realization of these expectations depends on continued market interest and wider adoption of Dogecoin.
