The bulls abandoned the area below; Myth or certainty?
Internet Computer Coin got rid of the downward plug and has recovered about 45% of its cost since early March.
ICP Coin price is moving towards the short-term resistance level at $24, wherein a higher-high, higher-low formation is shining.
In the intraday trading session, the bulls are struggling to propel the price above the 100-EMA resistance.
The Internet Computer coin's daily price chart is watching above the 20 and 50-day moving averages and bulls are coming to reclaim the coin above the 100-EMA line (standing as a longer-term resistance).
The Relative Strength Index (RSI) saw a sharp rally since mid-March, with the RSI approaching overvalued territory on the daily time frame. RSI appears at current level (70-points) after 7 months; Buyers can celebrate this occasion with high price stability.
The ADX indicator is at 26-level at the writing period, which suggests strength in bullish momentum for the Internet Computer coin.
The overall price action of Internet Computer Coin is bullish and key technical indicators are supporting the bulls. For this week, the 100-EMA is likely to be a resistance level the bulls need to retest the price above it.
Support level - $15 and $10
Resistance level - $27 and $35
ICP Coin price is moving towards the short-term resistance level at $24, wherein a higher-high, higher-low formation is shining.
In the intraday trading session, the bulls are struggling to propel the price above the 100-EMA resistance.
The Internet Computer coin's daily price chart is watching above the 20 and 50-day moving averages and bulls are coming to reclaim the coin above the 100-EMA line (standing as a longer-term resistance).
The Relative Strength Index (RSI) saw a sharp rally since mid-March, with the RSI approaching overvalued territory on the daily time frame. RSI appears at current level (70-points) after 7 months; Buyers can celebrate this occasion with high price stability.
The ADX indicator is at 26-level at the writing period, which suggests strength in bullish momentum for the Internet Computer coin.
The overall price action of Internet Computer Coin is bullish and key technical indicators are supporting the bulls. For this week, the 100-EMA is likely to be a resistance level the bulls need to retest the price above it.
Support level - $15 and $10
Resistance level - $27 and $35