Technical Analysis
A closer look at the charts reveals a clear trend reversal pattern. The Relative Strength Index (RSI) has moved out of the oversold territory, indicating a potential buying opportunity. Additionally, the Moving Average Convergence Divergence (MACD) has crossed over, signaling a bullish trend.
Fundamental Analysis
Internet Computer (ICP) has been making significant strides in the decentralized finance (DeFi) space. With its innovative technology and growing ecosystem, ICP is well-positioned to capitalize on the increasing demand for DeFi solutions. This fundamental strength is expected to drive up demand for ICP, resulting in a price increase.
Market Sentiment
Market sentiment is also turning bullish, with many investors and traders expressing optimism about ICP's prospects. This positive sentiment is reflected in the increasing trading volume and open interest in ICP/USDT options.
Trade: $ICP USDT
Open: Long/Buy
Entry: 14.00 To 14.800
Target: 16, 17
Stoploss: 13
