Pharos Network's PROS Token Surges 44% in 24 Hours
- Token Price Surge: Pharos Network's native token PROS climbed approximately 44% in the past 24 hours, pushing its market cap to around $140 million and placing it eighth on the CoinGecko trending list, indicating strong short-term speculative interest in the project.
- Significant Trading Volume: With a 24-hour trading volume of roughly $17.7 million, the volume-to-market-cap ratio stands at about 12%, a high figure that typically suggests short-term speculative activity rather than sustained organic growth, potentially impacting future price stability.
- Market Sensitivity: PROS ranks 236 in market cap, categorizing it as a small-cap asset, which makes it highly sensitive to shifts in market sentiment, indicating that investors should approach the current speculative surge with caution.
- Trend Effect Analysis: CoinGecko's trending list ranks tokens based on search and interaction volume, significantly increasing visibility; however, historical data shows that tokens on the list often experience 30% to 60% retracements shortly after, highlighting potential risks for investors.
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Technical Analysis for ICP
Technical Sentiment Analysis for Internet Computer (ICP). As of , Internet Computer (ICP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 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 crypto.
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 | 0.328 | 1.322 | 2.104 | 3.098 | 3.88 | 4.874 | 5.656 |
| Fibonacci | 1.322 | 2 | 2.42 | 3.098 | 3.776 | 4.196 | 4.874 |
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