Internet Computer ($ICP ) Price Analysis
Internet Computer (ICP) remains in a sideways consolidation, as bulls defend support but struggle with overhead resistance.
๐ Market Snapshot
Price: ~$4.8 โ $4.9
Intraday range: $4.77 โ $4.94
24h change: modestly positive, but momentum weak
๐ Technical Levels
Support: Strong base at $4.7โ$4.8. If broken, ICP could slide toward $4.2โ$4.15.
Resistance: Clustered moving averages (20D, 50D, 200D) between $5.0โ$5.4. A daily close above $5.39 (200D) would signal early bullish recovery.
Macro breakout: The $11.20 zone is the key higher-timeframe resistance; clearing it could unlock upside toward $15โ$20.
๐ Indicator Readings
RSI: Neutral-bearish, showing weak momentum.
MACD: Negative, confirming sideways-to-bearish tone.
Moving Averages: All trend lines overhead, keeping ICP under pressure.
๐ฏ Trading View
Short-term traders: Watching for a bounce from $4.8 into the $5โ$5.4 supply zone.
Swing/investors: A 200D reclaim (~$5.39) would be the first constructive sign.
Big picture: Break above $11.20 is essential for confirming a mid-term bullish trend.
๐งญ Bottom Line
ICP sits at a critical crossroads: hold support for a rebound, or break lower into deeper downside. For now, patience and disciplined risk management are essential.
