The native token of Internet Computer Network is ICP. The coin has had its downfall in the past but it looks like it is ready to go for a higher leg now.
During the writing of this article, ICP is being traded at the rate of $24.25 with a decrease of almost 8% within the last 24 hours.
Today the price had a low value of $23.88 and a high was approximately $26.30. The coin as being in the watchlist of many traders makes it rank all the way up to number 36th according to the latest data released by coin market cap.
ICP made its all-time high in the month of May 2021 where it reached an enormous amount of $2,831. At the moment it has a daily volume of $212,989,689 with an increase of almost 100% within the last 24 hours. The circulating supply of ICP is now around 475M. ICP has a dominance of 0.21%.
The top exchanges for trading the coinare currently Binance, Coinbase.
Technical Analysis – Internet Computer (ICP)
ICP had been one of the slow gainers and hasn’t been able to recover the price. The price has broken structure and is dropping down. It was triggered by a red wick down. After this, the price went down to a downside correction.
The price at this point doesn’t have any reason to drop down even more down. Now we can expect the price to go up and do a retest from where we can look for a possible long. The price of ICP can go up and touch the break of structure point. The price at that point is $38.
We are currently in the discount pricing from where can look for a possible entry. Lower time frame confirmations should be taken into consideration before taking an entry to have a clean point.
Price Prediction – Internet Computer (ICP)
According to digital coin price, the price of ICP is to reach a value of $41.99 in a year. For a five-year plan, the price will reach a value of $105. But the investors are even more bullish on the value and they think that it will reach even more. Internet Computer has been growing its network and is bringing new partnerships to the network. It can be said that ICP would definitely provide good returns in the future.
