ICP Struggles Below $3.50: Key Support at $3.20 in Focus
- Price Action Analysis: Internet Computer (ICP) is currently priced at $3.41, reflecting a 2.23% decline in the last 24 hours and a 15.17% drop over the past week, indicating persistent downward pressure and market reluctance to rebound.
- Support and Resistance Levels: The $3.20 support level is crucial for ICP; if maintained, a short-term recovery could occur, but a breakdown would likely push prices lower to $2.80, highlighting the market's vulnerable state.
- Market Resistance Analysis: The resistance zone between $4.48 and $7.52 has consistently rejected upward price attempts, and although minor rallies have occurred, they have not sustained, reinforcing the overall bearish trend and indicating market hesitation to break through.
- TD Sequential Indicator Signal: The TD Sequential indicator recently printed a 9 on the daily chart, suggesting potential exhaustion in the downtrend; if the $3.20 support holds, a short-term consolidation or reversal may occur, but the overall structure remains bearish.
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Technical Analysis for ICP
Technical Sentiment Analysis for Internet Computer (ICP) As of , Internet Computer (ICP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ICP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ICP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Internet Computer (ICP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.909 | 1.455 | 2.029 | 2.575 | 3.149 | 3.695 | 4.269 |
| Fibonacci | 1.455 | 1.882 | 2.147 | 2.575 | 3.002 | 3.267 | 3.695 |
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