Internet Computer is trading 21.88% below our price prediction for November 20, 2024
Disclaimer: This does not constitute investment advice. The information provided is for general purposes only. No information, material, service or other content provided on this page constitutes a solicitation, recommendation, endorsement or financial, investment or other advice. Please seek independent professional advice in the form of legal, financial and tax advice before making any investment decision.
Internet Computer fell 4.38% against the US dollar today
The ICP/BTC pair fell by -2.19% today
Internet Computer is currently trading 21.88% below our prediction for November 20, 2024
Internet Computer gained 2.09% in the past month and is up 72.51% from a year ago
Internet Computer Price $8.13 Internet Computer Prediction $10.41 (30.31%) Bearish Sentiment Fear & Greed Index 80 (Extreme Greed) Key Support Levels $7.68, $7.37, $6.85 Key Resistance Levels $8.51, $9.03, $9.34
ICP price is expected to rise by 30.31% in the next 5 days according to our Internet Computer price prediction
Internet Computer price today is trading at $8.13 after losing -4.38% over the past 24 hours. The coin underperformed the broader cryptocurrency market as the total cryptocurrency market cap decreased by -2.43% in the same time frame. ICP performed poorly against BTC today and recorded a loss of -2.19% against the world’s largest cryptocurrency.
According to our Internet Computer price prediction, ICP is expected to reach a price of $10.41 on November 20, 2024. This would represent a price increase of 30.31% for ICP in the next 5 days.
ICP Price Prediction Chart
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What's been happening with Internet Computer in the last 30 days?
Internet Computer has been showing a positive trend recently, as the coin gained 2.09% over the past 30 days. The medium-term trend for Internet Computer has been bullish, with ICP increasing by 15.18% over the past 3 months. The long-term picture for Internet Computer has been positive, as ICP is currently showing a price change of 72.51% in a year. On this day last year, ICP was trading at $4.71.
Internet Computer reached its all-time high price on May 10, 2021, when the price of ICP peaked at $497.71. The current cycle high for ICP is $20.75, while the cycle low is at $2.86. ICP has been showing low volatility recently: the coin’s 1-month volatility is 5.64. Internet Computer recorded 15 green days in the past 30 days.
Internet Computer Technical Analysis for Today - November 15, 2024
Sentiment in the Internet Computer markets is currently bearish, with the Fear & Greed Index marking Extreme Greed. The most important support levels to watch are $7.68, $7.37, and $6.85, while $8.51, $9.03, and $9.34 are the key resistance levels.
Bearish sentiment on Internet Computer
Currently, 10 indicators are pointing to a bullish prediction for Internet Computer, while 16 indicators are showing a bearish forecast. 62% of indicators are favoring a negative prediction. This results in an overall bearish sentiment for Internet Computer.
The cryptocurrency market is currently experiencing extreme greed
Currently, the Fear & Greed Index is at 80 (Extreme Greed), indicating that investors have a positive outlook on the market. The Fear & Greed Index is a measure of sentiment among cryptocurrency investors. A reading of “Greed” suggests that investors are currently bullish on the cryptocurrency market, but it can also be an indication that the market is overvalued. A reading of “Fear,” on the other hand, indicates that investors are currently hesitant about the cryptocurrency market, potentially representing a buying opportunity.
Internet Computer Moving Averages and Oscillators
Let’s take a look at what some of the most important technical indicators are indicating. We will look at the key moving averages and oscillators that will allow us to get a better idea of how Internet Computer is positioned in the market right now.
Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential MA3 $8.16 (SELL) $8.10 (BUY) - - MA5 $8.65 (SELL) $8.04 (BUY) - - MA10 $8.37 (SELL) $8.06 (BUY) - - MA21 $8.18 (SELL) $8.17 (SELL) -$82.68 (BUY) $8.75 (SELL) MA50 $8.19 (SELL) $8.25 (SELL) -$40.14 (BUY) $8.99 (SELL) MA100 $8.01 (BUY) $8.55 (SELL) -$20.84 (BUY) $7.13 (BUY) MA200 $9.71 (SELL) $9.15 (SELL) - -
Period Value Share RSI (14) 45.62 NEUTRAL Stochastic RSI (14) 59.28 NEUTRAL Fast Stochastic (14) 58.15 NEUTRAL Commodity Channel Index (20) 66.67 NEUTRAL Average Directional Index (14) 18.94 NEUTRAL Awesome Oscillator (5, 34) 0.79 NEUTRAL Momentum (10) 1.30 NEUTRAL MACD (12, 26) 0.15 NEUTRAL Williams Percent Range (14) -41.85 NEUTRAL Ultimate Oscillator (7, 14, 28) 58.76 NEUTRAL VWMA (10) 8.53 SELL Hull Moving Average (9) 9.41 SELL Ichimoku Cloud B/L (9, 26, 52, 26) 8.27 NEUTRAL
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is overbought or oversold at the moment. Internet Computer’s RSI 14 is at 45.62, suggesting that the ICP is currently in a neutral position.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Internet Computer over the past 50 days. Internet Computer is currently trading above the SMA 50 trend line, which is a bullish signal.
Meanwhile, the 200-day Simple Moving Average (200 SMA) is a long-term trend line that is calculated by taking the closing price of the ICP over the past 200 days as an average. The ICP is now trading above the 200 SMA, indicating that the market is currently bullish.
The conclusion on this Internet Computer prediction
After considering the above factors, we can conclude that the current forecast for Internet Computer price prediction is bearish. ICP would need to increase by 30.31% to reach our target of $10.41 over the next five days. Going forward, it will be important to monitor ICP market sentiment, key support and resistance levels, and other metrics. However, we should keep in mind that cryptocurrency markets are unpredictable and even the largest crypto assets exhibit a lot of price volatility.
Disclaimer: This does not constitute investment advice. The information provided is for general purposes only. No information, material, service or other content provided on this page constitutes a solicitation, recommendation, endorsement or financial, investment or other advice. Please seek independent professional advice in the form of legal, financial and tax advice before making any investment decision.
