- Internet computers are down 16.6% so far this week.
- Despite the crypto market decline, the ICP coin market cap has fallen by 4% in the last 24 hours.
- The ICP price is below the major moving averages such as 20, 50, 100 and 200.
Last night’s Internet Computer coin failed to live up to buyers’ expectations. It lives up to its throwaway price.
at the time of writing ICP The coin is trading at $6.6 and has barely recovered during the intraday trading session. Buyers will have to wait for the weekly price close for further movement. , buyers may accumulate coins in this area.
Buyers were rejected nearly below the 20-day moving average on the weekly price scale. Therefore, the bears have continued to sell the coin and the price has been falling over the past three weeks. Similarly, Internet Computer this week so far he’s down 16.6%.
Further bear activity may pause after observing green altcoins. However, trading volume appears to be neutral to sharp moves. moreover, ICP The coin about the Bitcoin pair is up 6.8% at 0.0003118 Satoshis.
Today’s Recovery May Affect Buyers
Important moving averages such as 20., 50, 100 and 200 are above the current price of the ICP coin. 50-DMA is currently acting as the most immediate resistance for buyers. Conversely, the RSI indicator has corrected from the 35 level and shows a minor uptrend.
Internet computer (ICP) the coin looks slightly bullish today. This means that the bulls may reverse the bearish trend. Currently, the buyer needs to keep the price above his $6.0 support level to protect himself from overbought.
Support Level – $6.0 and $5.0
Resistance Levels – $10 and $20
The views and opinions expressed by the author or persons named in this article are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading in crypto assets involves the risk of financial loss.