Internet Computer (ICP/USD) Market May Head Bullish After Corrective Pullback Ends
Estimated Reading Time: 3 minutes
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Internet Computer Price Prediction – September 29
The ICPUSD market is heading bullish after the current corrective pullback ends. Price seems to be heading into a bearish order block in the premium zone. The overall trend, however, remains bullish. A short-term correction is therefore likely to the downside before the bullish trend resumes.
The indicators present in the ICPUSD chart signal bullish momentum. The MACD (Moving Average Convergence Divergence) shows a growing bullish crossover, with the MACD line above the signal line indicating buying pressure. Also, the price is trading above the 9-day SMA at $8.8740, confirming the overall upward momentum.
ICP/USD Market Key Levels:
Resistance levels: $10.9760, $12.9950, $16.2810
Support levels: $6.2720, $4.9590, $2.8830
ICP/USD – Daily Chart
The ICP/USD daily chart shows that the price remains bullish as it continues into the premium zone. Analyzing the price action, the chart shows that the price keeps rallying alongside the ascending trendline, indicating a bullish sentiment. However, the price is facing resistance from the bearish order block around $10.9760, which will likely lead to a pullback. The diagonal support may act as a buffer for the ongoing correction.
What is the projection for the ICPUSD market?
Once the correction ends, the projection shows a potential surge toward $12.9950, followed by further movement toward $14.0000. If bullish momentum continues, the price might eventually test $12.9950, solidifying the upward trajectory. However, failure to break $10.9760 could result in a retest of lower supports.
ICP/BTC Price Analysis
ICPBTC is currently in a bullish trend, as seen from the breakout above the 9-day SMA at 0.0001390 BTC. The MACD indicator shows increasing momentum with a bullish crossover, indicating further upward movement.
Immediate resistance is at 0.0001700 BTC, with a potential rally towards 0.0002340 BTC if broken. Support lies at 0.0001180 BTC, acting as a cushion for any pullbacks during the rally.
Internet Computer (ICP) Current Statistics
The current price: $9.8460
Market Capitalization: $3,330,000,000
Trading Volume: $207,000,000
Place winning ICP trades with us. Get ICP here
