Mudrex

ICP Weekly Analysis

Long
BINANCE:ICPUSDT   ICP / TetherUS
Internet Computer Protocol (ICP) has experienced a remarkable surge, peaking at $19.78, marking an impressive 72.64% increase. This rally commenced following the conclusion of its bearish trend, diverging from the $10.54 price point.

Presently, the price is encountering resistance at $19.772, leading to sideways accumulation, with interim support identified at $18.876. A breach of this level could potentially extend the support retest to $17.216.

Technical indicators and moving averages unanimously indicate a robust buy signal for ICP, projecting favorable prospects in both the midterm and long term.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.