Current ICP Market Overview
- ICP Price Today: $7.86 (▲4.01% vs. USD)
- 30-Day Trend: ▼18.62%
- 1-Year Growth: ▲118.01%
- Market Sentiment: Bearish
- Fear & Greed Index: 69 (Greed)
Key Levels
| Support | Resistance |
|---------|------------|
| $7.56 | $7.88 |
| $7.39 | $8.03 |
| $7.24 | $8.20 |
ICP Price Prediction: 30% Growth Expected by November 2024
According to technical analysis, Internet Computer (ICP) is predicted to rise 30.21% in the next 5 days, reaching $10.19 by November 1, 2024.
Factors Influencing ICP’s Trajectory:
Recent Performance:
- Outperformed BTC (+2.59%) and ETH (+2.08%) today.
- Trading 22.86% below the predicted target.
- Volatility: Low 1-month volatility (6.55).
Historical Data:
- All-Time High: $497.71 (May 2021).
- Current Cycle: High ($20.75) / Low ($2.86).
Technical Indicators & Moving Averages
| Indicator | Signal | Action |
|-----------|--------|--------|
| RSI (14) | 42.09 | Neutral |
| SMA 50 | $8.32 | Sell |
| SMA 200 | $9.92 | Sell |
Oscillators Summary:
- 85% indicators favor a bearish outlook.
- MACD, Stochastic RSI, and Williams %R suggest neutrality.
👉 Explore real-time ICP trading strategies
FAQ: Internet Computer (ICP)
Q1: Is ICP a good investment in 2024?
A: While ICP shows long-term growth (▲118% YoY), short-term trends are bearish. Always conduct independent research.
Q2: What’s the key resistance level for ICP?
A: Immediate resistance lies at $7.88**; breaking this could test **$8.20.
Q3: How does the Fear & Greed Index affect ICP?
A: A "Greed" reading (69) indicates investor optimism but may signal overvaluation.
Q4: What’s ICP’s lowest recorded price?
A: The cycle low was $2.86, hit during a market correction.
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Final Outlook
Prediction: Bearish short-term, with a 30.21% upside potential if ICP hits $10.19.
Critical Watch: Monitor support levels ($7.24–$7.56) and market sentiment shifts.
Disclaimer: Not financial advice. Cryptocurrencies are volatile—invest cautiously.
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