Internet Computer (ICP/USD) Market Faces Strong Bearish Pressure Despite Temporary Relief Rally
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Internet Computer Price Prediction — April 13
ICPUSD market faces strong bearish pressure despite a temporary relief rally. The impending rally is expected to be short-lived after the price fills the Fair Value Gap below $6.800 resistance.
The current indicators on the daily chart reinforce the bearish outlook for ICPUSD. The price is trading below the 9-period SMA (Simple Moving Average), indicating weak momentum and bearish control. Additionally, the MACD (Moving Average Convergence Divergence) lines are below the zero line and remain in a bearish crossover, with the signal line trending below the MACD line. The histogram shows limited bullish strength, suggesting that any potential rallies could be short-lived or corrective in nature rather than a full reversal.
ICP/USD Market Key Levels:
Resistance levels: $6.800, $10.050, $12.760
Support levels: $4.960, $4.000, $3.000
ICP/USD – Daily Chart
The ICP/USD daily chart shows that the price is attempting to break through the $4.960 support.
ICPUSD has formed consistent lower highs and lower lows, confirming the bearish structure. A clear Break of Structure (BOS) occurred at the $6.800 level, followed by another BOS below $5.610.
The price is attempting to retrace into the Fair Value Gap (FVG) region between $5.610 and $4.960. The FVG serves as strong resistance, as price continues to respect bearish supply zones.
What is the projection for the ICPUSD market?
Going forward, the projection remains bearish unless the price breaks convincingly above the FVG and closes above the SMA. A minor bounce may occur toward the FVG region again, but if it fails to break that resistance, the next expected move is a drop below the $4.960 support level.
If bearish momentum accelerates, ICPUSD could test the $4.000 level, with $3.000 as the next major downside target. Bears remain in control as long as price stays below $6.800.
ICP/BTC Price Analysis
ICPBTC remains bearish as price trades below the 9-day SMA (0.0000600) with no sign of a bullish crossover. The MACD lines are below the zero line and remain in a bearish alignment, confirming weak momentum.
Price recently tapped into a bearish block around the 0.0000660 – 0.0000680 zone and showed rejection. If sellers maintain pressure, the next key support lies at 0.0000500, with a further drop toward 0.0000400 likely.
Internet Computer (ICP) Current Statistics
The current price: $4.960
Market Capitalisation: $2,490,000,000
Trading Volume: $48,450,000
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