ICP HUB Bulgaria Unveils Formation3: A Web3 Accelerator of the New Economies
Launch of Formation3: ICP HUB Bulgaria has introduced Formation3, a Web3 accelerator integrated into the Olympus platform, aimed at supporting innovative startups in the decentralized technology space by providing access to resources, mentorship, and a network of industry leaders.
Open Applications for Startups: Formation3 is accepting applications from startups at various development stages until the end of 2024, focusing on diverse industries such as DeFi, Gaming, and AI, with the program set to begin its cohort stages in 2025.
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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 | 0.906 | 1.453 | 2.026 | 2.573 | 3.146 | 3.693 | 4.266 |
| Fibonacci | 1.453 | 1.881 | 2.145 | 2.573 | 3.001 | 3.265 | 3.693 |
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