The Internet Computer (ICP) price recently experienced a notable pullback, dropping from a high of $16.3 to a low of $10.3, a 36.6% decline. This decrease coincided with low transaction volumes, suggesting it might be a short-term correction rather than a long-term trend reversal. Currently, the ICP price is testing the support level of a previously breached ‘cup and handle’ pattern, which could indicate an opportune moment for traders to enter the market.
Is ICP Price Heading to $15?
A bullish reversal from the $11 mark with an engulfing candle signals an uptrend continuation.
The ICP price above daily EMAs(20, 50, 100, and 200) indicate an aggressive uptrend
The intraday trading volume in ICP is $10.2 Billion, indicating a 78% gain.
Internet Computer Price| TradingView Chart
On the daily time frame chart, the Internet Computer coin displays a bullish reversal ‘Cup-and-Handle’ formation that has been developing over the last 18 months. This pattern is a crucial indicator for m
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