The price of Internet Computer (ICP) experienced a downward movement dropping by 41.98% to a low of $5.05 on April 26, 2023. This was after a significant surge from April 10 to April 19, when it started the downtrend.
This price decline affected the market sentiment of Investors and traders. Since the beginning of this month, ICP has exhibited range-bound behavior. ICP price has fluctuated between $6 – $5, resulting in a sideway price movement.
The question is whether the bearish momentum will continue or if there’s a chance for a reversal soon.
Bears To Hold Current Trend, Or Will The Bulls Rebuild Momentum?
According to data, ICP experienced a slight price increase, reaching $5.34, representing a 2.7% increase within the last 24-hour trading period. This increase suggests that demand has surpassed supply in the market. This might attract more buyers and also increase the overall market confidence.
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