Internet Computer price is gearing up for a modest breakout as the Federal Reserve matches market expectations, leaving the interest rate unchanged between 5.25% and 5.5%. In his latest remarks, Powell maintained a dovish tone on interest rate cuts, shrinking the chances of a rate cut in July.
According to insight from Fed Watch, market watchers expect the Fed to consider the first rate cut in September. Crypto prices had started to rise gradually ahead of the meeting, with Bitcoin jumping 1.5% to $66,485 while Ethereum remained relatively unchanged at $3,300 support.
Internet Computer Price Begins Bullish Reversal
A 2% surge pushed ICP price from support at $8.8 to $9.21 on Wednesday, as shown by CoinMarketCap data. Bulls regained control of the trend following a significant correction from the July 22 peak of $10.98, as volume shrunk over the last ten days. Internet Computer assumed a downtrend, tagging three lower highs and three lower lows. Using two trend lines to connect thes
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