Internet Computer (ICP/USD) Market Remains Bearish as Price Rejects Key Resistance Levels
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Internet Computer Price Prediction — April 1
ICP/USD market remains bearish as price rejects key resistance levels. The price recently crossed below the SMA (Simple Moving Average).
ICPUSD is trading at $5.490, below the 9-period SMA at $5.860, confirming a bearish trend. The MACD (Moving Average Convergence Divergence) histogram is in negative territory, with the signal line at -0.152 and the MACD line at -0.192, indicating bearish momentum. The lack of bullish crossover suggests further downside movement is likely.
ICP/USD Market Key Levels:
Resistance levels: $6.800, $10.050, $12.760
Support levels: $5.610, $4.960, $4.000
ICP/USD – Daily Chart
The ICP/USD daily chart shows that the market’s overall bearish trend has resumed.
Price action shows that ICPUSD failed to break above the $6.80 resistance and was rejected from the highlighted order block zone. The recent break of structure at $5.610 further confirms bearish dominance. The price is now approaching the $4.960 support level, which could determine the next direction.
What is the projection for the ICPUSD market?
With sustained bearish pressure, ICPUSD could decline toward the $4.000 psychological support, where buyers may attempt to regain control. A bullish reversal would require a break above $6.800, which aligns with the major resistance in the premium zone.
ICP/BTC Price Analysis
ICPBTC is trading at 0.0000650 BTC, below the 9-period SMA at 0.0000680 BTC, confirming a bearish trend. The price recently broke below the descending trendline and key support at 0.0000681 BTC, signaling further downside movement.
The MACD histogram is in negative territory, with bearish momentum increasing as selling pressure builds. If the decline continues, the next major support levels are at 0.0000630 BTC and 0.0000500 BTC, while a recovery would require a breakout above 0.0000800 BTC to shift sentiment.
Internet Computer (ICP) Current Statistics
The current price: $5.490
Market Capitalisation: $2,580,000,000
Trading Volume: $53,740,000
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