Internet Computer (ICP/USD) Preserves Upward Momentum at $4.9
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The bulls in the Internet Computer (ICP) market have established a higher support level following the correction that occurred after the previous bullish rally peaked. In early November, the market gained significant upward momentum, with the price surging from the $4.00 region and advancing steadily until it reached the $10.00 mark—its recent peak.
The move to $10.00 triggered a corrective phase driven by profit-taking, causing the price to retrace and settle at a stronger support zone around the $4.90 level.
Internet Computer (ICP/USD) Market Data
- ICP/USD Price Now: $5.30
- ICP/USD Market Capitalization: 2.9 billion
- ICP/USD Circulating Supply: 540.76 million ICP
- ICP/USD Total Supply: 540.76 million ICP
- ICP/USD CoinMarketCap Ranking: #34
Key Levels to Watch
- Resistance: $6.00, $6.50, $7.00
- Support: $4.50, $4.00, $3.50
Internet Computer (ICP/USD) Daily Chart
The support that has formed around the $4.90 price level is crucial for the continuation of the market’s upward trajectory. This higher support zone underscores strong bullish sentiment in the Internet Computer market, indicating that traders remain willing to buy at elevated levels—an improvement compared to the previous support near $4.00.
The trading volume indicator further reinforces this outlook. The histogram bars display notable height and consistency, signaling sustained investor interest and healthy market participation.
Given the current structure of the crypto signal, the bulls appear to hold a slight upper hand, which increases the likelihood of a rebound toward the $10.00 price level. However, the Relative Strength Index (RSI) currently sits around the midpoint, suggesting neutral momentum. If the price fails to break above the immediate resistance around $5.63, the market may enter a consolidation phase, ranging between the $5.00 and $4.00 price levels until a clearer direction emerges.
ICP/USD 4-Hour Chart Outlook
On the 4-hour chart, the market appears to have concluded its recent downward phase, evidenced by a sharp and decisive upward reversal triggered by buying pressure around the $5.00 support zone. However, despite this bullish response, the price still needs to break through the nearby resistance level. This resistance may temporarily contain price movement and keep the market within a consolidation range until a clearer breakout occurs.
