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Cryptocurrency News Articles

Internet Computer (ICP) Price Prediction 2025: Will ICP Recover Its ATH?

Jan 03, 2025 at 02:02 am

ICP price is expected to rise by 29.96% in the next 5 days according to our Internet Computer price prediction

Internet Computer (ICP) Price Prediction 2025: Will ICP Recover Its ATH?

The price of Internet Computer (ICP) has risen by 3.80% in the last 24 hours and is currently trading at $10.65, outperforming the cryptocurrency market, which rose by 5.60% during the same period. ICP's price action also outperformed BTC today, with a 1.11% gain against the world's largest cryptocurrency.

According to our Internet Computer price prediction, ICP is expected to reach a price of $13.96 by Jan 07, 2025. This would represent a 29.96% price increase for ICP in the next 5 days.

Internet Computer has been displaying a negative trend recently, as the coin lost -22.85% in the last 30-days. The medium-term trend for Internet Computer has been bullish, with ICP increasing by 27.46% in the last 3 months. The long-term picture for Internet Computer has been negative, as ICP is currently displaying a -26.02% 1-year price change. On this day last year, ICP was trading at $14.40.

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 13.98. Internet Computer recorded 14 green days in the last 30 days.

The sentiment in the Internet Computer markets is currently Bearish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $9.96, $9.41 and $9.06, while $10.86, $11.20 and $11.75 are the key resistance levels.

10 indicators are currently signaling a bullish prediction for Internet Computer, while 16 indicators are showing a bearish forecast. With 62% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Internet Computer.

Currently, the Fear & Greed index is at 70 (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 Internet Computer market, which potentially represents a buying opportunity.

Let’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 46.48, 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 بسرعة 50 days. Currently, Internet Computer is trading above the SMA 50 trendline, which is a bullish 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.

After considering the above factors, we can conclude that the current forecast for Internet Computer price prediction is Bearish. ICP would have to increase by 29.96% to hit our $13.96 target within the next five days. Moving forward, it will be important to monitor the ICP market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Internet Computer price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

News source:coincodex.com

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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