Internet Computer (ICP/USD) Market Maintains Bullish Trend as Price Flips Upward
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Internet Computer Price Prediction – July 21
ICPUSD market maintains a bullish trend as the price flips upward. The continuation of the bullish trend is highly probable owing to the recent CHoCH (Change of Character) after the invalidation of the $8.3730 high.
The Simple Moving Average (SMA) of 9 periods is currently at $9.6930, which is below the current price of $10.3790. This indicates that the price is in an uptrend, as it is trading above the short-term moving average. Additionally, the Relative Strength Index (RSI) is at 65.54, which is approaching the overbought territory of 70 but still suggests that there is some room for upward movement before reaching overbought conditions. The RSI level shows that the buying pressure is still strong.
ICP/USD Market Key Levels:
Resistance levels: $13.0000, $16.2800, $20.9600
Support levels: $7.000, $4.9600, $2.8800
ICP/USD – Daily Chart
The ICP/USD daily chart shows the market keeps maintaining its new trend in an upward direction.
ICPUSD has recently experienced a breakout from the $8.3730 swing high, which is confirmed by the bullish price action and the higher lows that are forming. There was a clear Change of Character (ChoCH) at this level, indicating a shift from a bearish to a bullish trend. The price has also broken through the resistance level of $9.7880, which now acts as a support level.
What is the projection for the ICPUSD market?
Looking ahead, the projection for ICPUSD is optimistic. The next significant resistance level to watch is $13.0000. However, in the short term, there may be a minor pullback to retest around $8.3730 or the breaker block before continuing its upward trajectory. If the bullish momentum sustains, ICPUSD could potentially reach the $16.2810 level.
ICP/BTC Price Analysis
The direction of ICPBTC is bullish as it has broken above the descending trendline and the 9-day SMA at 0.0001500 BTC, indicating a shift in momentum. The price has bounced off the support level at 0.0001180 BTC and is now consolidating above 0.0001500 BTC, with the RSI at 60.41, suggesting strong buying pressure.
Immediate resistance is seen at 0.0001700 BTC, and a break above this level could see the price targeting 0.0002220 BTC. A minor pullback to retest support at 0.0001500 BTC could occur before the continuation of the upward move.
Internet Computer (ICP) Current Statistics
The current price: $10.4030
Market Capitalization: $4,900,000,000
Trading Volume: $85,970,000
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