what happaned to $ICP coin!!!⚔️🏆
Further, the ICP token has added over 38% within the past 24 hours, making it the top gainer of the day in the crypto industry.
The Internet Computer price traded in a closed range between $4.060 and $4.750 for almost a month, indicating a disinterest among the investors in this token. December started positively as the ICP token price after multiple attempts, successfully broke out of the range, and displayed micro-price movements.
The price gained approximately 20% in two weeks before it faced rejection at $5.698. After multiple attempts, the bulls regained momentum, but the rally was short-lived as the price faced rejection at $6.659.
The price witnessed significant bullish sentiment as it added over 36% in value during the early trading hours today. Positively the Cross EMA 50-Day acts as a dynamic support for the ICP price, suggesting a high possibility of a bullish price action soon.
Will ICP Price Rise Again?
The Moving Average Convergence Divergence (MACD) displays a significant rise in the histogram, indicating an increased buying pressure for the coin. Moreover, the averages show a sharp rise, suggesting the price will continue gaining value this week.
If the bulls continue to gain momentum, the price will test its resistance level of $9.068 soon. Maintaining the price at that level will set the stage for the ICP price to attempt to test its upper resistance level of $10 during the coming week.
Conversely, if a trend reversal occurs, the price will lose momentum and prepare to test its support level of $7.390. Moreover, if the bears continue to overpower the bulls, it will plunge further and fall to test its lower support level of $6.659 in the days ahead.
