Will Internet Computer (ICP) Coin Start the Rising Trend?

• If the ICP price closes above $4.55 on a daily basis, it can create an upward trend towards the $4.80 levels.
• The $4.36 support is observed as an important level for the continuation of the ICP’s upward expectation.
• Closing below the $4.28 level can strengthen the downward trend and a downward movement can be seen in the range of $4.16 – $4.10.

When the short-term technical chart of ICP Coin is examined, it is presented an analysis emphasizing the importance of the $4.55 level while horizontal movements have been observed in recent days.

Medium-Term ICP Price Analysis

Medium-Term ICP/USD Price Chart

When the medium-term technical chart of ICP Coin is examined, it is observed that the price continues its upward movements above the important support level of $3.94. If ICP Coin achieves daily candle closes above the $4.72 level, it can continue its upward movement towards the next resistance level of $5.28.

In order for ICP Coin to break the $5.28 resistance, it first needs to surpass the $4.72 resistance. If the ICP price achieves daily candle closes above the $5.28 resistance, it can extend its upward movement to the $5.81 levels. However, if it fails to break the $4.72 resistance, it can realize a downward movement towards the $3.94 levels.

Short-Term ICP Price Analysis

2 Hour ICP/USD Price Chart

When the short-term technical chart of ICP is examined, it is seen that the upward trend continues. Horizontal movements have been observed in the ICP price for the past few days. However, if the ICP achieves daily candle closes above the $4.55 level, it can sustain its upward movement towards the $4.80 levels.

If the ICP price achieves 2-hour candle closes below the $4.55 level, it can extend the downward movement towards the $4.28 support. The nearest support for ICP is at the $4.36 levels. If the ICP price remains above the $4.36 support, it may want to perform upward movements.

However, if the ICP price achieves 2-hour candle closes below the $4.28 level, it can extend the downward movement to the $4.16 – $4.10 levels. If ICP encounters strong buying pressure from the $4.16 – $4.10 support range, it can create an upward trend starting from this support range towards the $4.80 levels.