ICP Price Pulls Back 32.6% After Rally, Enters Consolidation Phase
- Market Pullback: After a robust 32.6% rally, ICP's price has pulled back today, reflecting typical profit-taking behavior as investors lock in gains at elevated levels.
- Technical Indicator Analysis: The 7-day RSI has climbed to 74.01, indicating that ICP is in overbought territory, suggesting a potential short-term correction may follow, even as the broader trend remains upward.
- Volume Changes: Trading volume has dropped by approximately 58% to $315 million, indicating that market participants are waiting rather than rushing for exits, reflecting a cautious sentiment in the current market.
- Support and Resistance Levels: ICP faces a critical resistance level at $5.00; a clean break and hold above this level could attract more buying interest, pushing the price towards the $6.00-$6.50 range.
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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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