The native token of Internet Computer is ICP. Just like many other coins ICP also depends on the movement of BTC.
At the time of writing, ICP is being traded at the rate of $31.70 with an increase of almost 16% within the last 24 hours.
The low within this tenure was around $27.23 and the high was approximately $31.70. The coin as being in the watchlist of many traders makes it rank all the way up to number 30th according to the latest data released by coin market cap. It is one of the top gainers today.
ICP during the month of May approached its new All-time High around the price of $2,831. It was a fast wick upwards but soon, the price retraced back. The trading volume today on the other hand has also increased by almost 132%.
The top exchanges for trading ICP are currently Binance, OKEx, Huobi Global.
Technical Analysis – Internet Computer (ICP)
As shown in our analysis which you can find here, the ICP has shown the same movement as predicted. ICP is up to the level that had been shown. Now overall the price is bullish but we can expect a few setbacks during the tagging of the final target.
The first reason for the price to go up was the presence of imbalance above. Now the price has broken structure and we can see that it has created a higher high. The price of ICP has tagged the imbalance zone and we can expect a reaction from the price at this point. If the price stabilizes itself here we can look for another higher high. If it doesn’t we can expect a drop in the price of ICP. Right now we can expect the creation of a higher low. As the imbalance has also been mitigated and a new zone has also been created.
Price Prediction – Internet Computer
ICP has been one of the slow gainers in the market. According to wallet investor, the price of ICP is to reach a value of $1.736 in a year. For five year plan, wallet investors think that the price is to reach a value of $0.341. This means that the coin is considered a bad investment. Traders on the other hand are quite bullish on the movement and think that soon it would soon be trading above $100.
