- Internet Computer coin price analysis is bearish for today.
- A bullish upswing saw the ICP coin tap a $4.07 intra-day high.
- Strong Support for ICP is present at $3.5.
Internet Computer coin price analysis indicates the token is trading in a horizontal range between $3.8 and $4.08. ICP coin is trading at $3.98 after hitting an intra-day high of $4.07
The overall market sentiments are bullish as the ICP price has sustained the $3.5 level for several days now. Internet Computer has been fluctuating between the $3.8 and $4 level in recent trading sessions.
ICP’s price analysis suggests that a break of resistance at the current levels will confirm an uptrend, opening up for further gains in the near term. Given the strong support at $3.5, investors may use this as an entry point for further buying. On the downside, ICP price needs to stay above $3.8 for bullish momentum to continue. If the coin breaches this level, it may create a bearish trend that could push prices lower in the near term.
ICP trades above 100 SMA on the daily chart, suggesting a continuation of the bullish momentum. Furthermore, the coin is trading above its 200 SMA, which suggests that investors remain confident about further gains in the n ...
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