Internet Computer (ICP) Price Prediction 2024: Will ICP Hit $10 By November?

ICP price is expected to rise by 29.85% in the next 5 days according to our Internet Computer price prediction

According to our Internet Computer price prediction, ICP is expected to reach a price of $10.16 by Nov 13, 2024. This would represent a 29.85% price increase for ICP in the next 5 days.

The cryptocurrency market has been displaying a positive trend recently, with a 7.76% increase in the total crypto market cap over the last 24 hours. The world's largest cryptocurrency, Bitcoin, also displayed a positive performance against the USD, increasing by 7.02%. ICP performed well against BTC today and recorded a 8.01% gain against the world’s largest cryptocurrency.

Internet Computer has been displaying a positive trend recently, as the coin gained 8.74% in the last 30-days. The coin outperformed the cryptocurrency market, which displayed a 30-day gain of 7.74%. In the last 3 months, ICP displayed a positive trend, recording a 15.42% price increase. Compared to 3 months ago, Internet Computer lost 88.43% against its all-time high price.

The relative strength index (RSI 14) is a technical indicator that helps gauge whether an asset is currently overbought or oversold. The RSI 14 for Internet Computer is at 46.59, 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.

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 above the SMA 200, signaling that the market is currently bullish. After considering the above factors, we can conclude that the current forecast for Internet Computer price prediction is Bullish. ICP would have to increase by 29.85% to hit our $10.16 target within the next five days.