ICP price in the last session noticed follow-up buying with long wick formation. Bulls are taking support at 50 days EMA. This activity makes the bears tense, and buyers are gradually creating longs. The chart formation constructs an ideal setup where a swing over the hurdle of $4.50 can be seen.
Internet Computer token price in the recent sessions stayed in the narrow range and formed an ascending triangle pattern. However, the price is now transiting the upper Bollinger band, but a strong resistance was there. Though, with lower volumes, bulls lack the momentum to escape the range.
Daily Chart Shows Price Accumulation
On the daily chart, Internet Computer token attempts to smash the neckline of the ascending triangle pattern, which was positioned at $4.40. Moreover, the buyers energetically make long positions where bears also hold their grip.
ICP price is now trading at $4.32 with an intraday gain of 1%. Moreover the pair of ICP/ BTC is at 0.0002388 satoshis. From the last 3 trading sessions, ICP jumps nearly 10% showing bullish cues.
On the 4 hours chart, ICP sets a positive outlook and is near its resistance mark. Despite that, the delivery volumes were not much in the rage of bulls that could not scratch the breakout range.
The price sustains above 20, 50 days EMA and looks to test 100 days EMA in the upcoming sessions. Moreover, the price trades at the top of the upper Bollinger band and more upsides are yet to happen.
ខ្សែ RSI: The RSI curve is at 57, forming a positive outlook for buying. However, it is now favourable for new investors and holders to enter. In the earlier sessions, the curve returns from the overbought range to the neutral zone and, again, pullbacks, so the risk-reward ratio is favourable for investors.
MACD: The MACD curve coincides and is looking to note a crossover in the near sessions. Moreover, a fake crossover was seen in the previous session, which did not endure.
សន្និដ្ឋាន
Internet Computer price is now at a prominent stage to showcase a new swing in upcoming sessions. However, it tries to break the upper range in the previous sessions but is not sustained. More bullishness may be noticed if the bulls cross the neckline of $4.50 and sustain over there.
កំរិតបច្ចេកទេស
កម្រិត Resistance: ២,០០ ដុល្លារនិង ២.៥០ ដុល្លារ
កំរិតគាំទ្រ៖ ៦៨០០ ដុល្លារនិង ៦៧០០ ដុល្លារ
ការមិនទទួលខុសត្រូវ
ទស្សនៈ និងគំនិតដែលសរសេរដោយអ្នកនិពន្ធ ឬមនុស្សណាម្នាក់ដែលមានឈ្មោះក្នុងអត្ថបទនេះគឺសម្រាប់គោលបំណងផ្តល់ព័ត៌មានតែប៉ុណ្ណោះ ហើយពួកគេមិនបង្កើតហិរញ្ញវត្ថុ ការវិនិយោគ ឬដំបូន្មានផ្សេងទៀតទេ។ ការវិនិយោគលើ ឬជួញដូរទ្រព្យសកម្មគ្រីបតូមកជាមួយហានិភ័យនៃការបាត់បង់ហិរញ្ញវត្ថុ។
Nancy J. Allen គឺជាអ្នកចូលចិត្តគ្រីបតូ ហើយជឿជាក់ថា រូបិយប័ណ្ណគ្រីបតូ បំផុសគំនិតមនុស្សឱ្យក្លាយជាធនាគារផ្ទាល់ខ្លួនរបស់ពួកគេ ហើយដើរចេញពីប្រព័ន្ធប្តូររូបិយប័ណ្ណប្រពៃណី។ នាងក៏ចាប់អារម្មណ៍នឹងបច្ចេកវិទ្យា blockchain និងមុខងាររបស់វាផងដែរ។
Source: https://www.thecoinrepublic.com/2023/01/12/internet-computer-price-prediction-bulls-keen-to-register-fresh-swing-above-the-4-50-mark/