ICP Price Prediction December 2024: Will ICP Hit $17.29 Soon?

ICP price is expected to rise by 30.33% in the next 5 days according to our Internet Computer price prediction. ICP is trading at $12.80 after losing -4.93%

ICP price is expected to rise by 30.33% in the next 5 days according to our Internet Computer price prediction.

After losing -4.93% in the last 24 hours, Internet Computer (CRYPTO: ICP) is trading at $ 12.80. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -5.15% in the same time period. ICP performed poorly against BTC today and recorded a -4.23% loss against the world’s largest cryptocurrency.

Our Internet Computer price prediction suggests that ICP is expected to reach a price of $ 17.29 by Dec 19, 2024. This would represent a 30.33% price increase for ICP in the next 5 days.

Buy/Sell Internet Computer

What has been going on with Internet Computer in the last 30 daysInternet Computer has been displaying a positive trend recently, as the coin gained 57.01% in the last 30-days. The medium-term trend for Internet Computer has been bullish, with ICP increasing by 50.04% in the last 3 months. The long-term picture for Internet Computer has been positive, as ICP is currently displaying a 74.63% 1-year price change. On this day last year, ICP was trading at $ 7.33.

Internet Computer reached its all-time high price on May 10, 2021, when the price of ICP peaked at $ 497.71. The current ICP cycle high is $ 20.75, while the cycle low is at $ 2.86. ICP has been displaying high volatility recently – the 1-month volatility of the coin is at 17.64. Internet Computer recorded 20 green days in the last 30 days.

Internet Computer technical analysis for today - Dec 14, 2024The sentiment in the Internet Computer markets is currently Neutral, and the Fear & Greed index is reading Extreme Greed. The most important support levels to watch are $ 13.14, $ 12.83 and $ 12.45, while $ 13.82, $ 14.19 and $ 14.50 are the key resistance levels.

Neutral sentiment for Internet Computer16 indicators are currently signaling a bullish prediction for Internet Computer, while 12 indicators are showing a bearish forecast. With 57% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Internet Computer.

Crypto market is currently experiencing Extreme GreedCurrently, the Fear & Greed index is at 83 (Extreme Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed†reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear†reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Internet Computer moving averages & oscillatorsLet’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Internet Computer is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Internet Computer is at 59.91, suggesting that ICP is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Internet Computer over the last 50 days. Currently, Internet Computer is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the ICP closing price for the last 200 days. ICP is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Internet Computer predictionAfter considering the above factors, we can conclude that the current forecast for Internet Computer price prediction is Neutral. ICP would have to increase by 30.33% to hit our $ 17.29 target within the next five days. Moving forward, it will be important to monitor the ICP market sentiment, the key