I've been watching ICP since the release. It was a top 3 out of nowhere. Then weeks pass and its been on a constant drop. Remember the Marketcap is still in the billions. There are a lot of money within ICP. I believe it will go back to 100-140 dollars or beyond. I have a Target of around 30 Dollars, after that, we should be able to start climbing up.
Internet Computer is undoubtedly a scam, after launching on coinbase it dropped from around $650 to $26 within a month. The developer team sold billons of dollars worth relentlessly on the open market. With that being said it looks like a decent set up to go higher with tight stop below support level. COINBASE:ICPUSD
I do like this range bound price action. I dont know what this token does. Zero research was done. If it dumps - I deserve it. If it pumps - see last sentence to tell you why I think its a place to add this invaluable asset.
Nothing excites me about it but I do like rising triangle and clear zig zag chop
Would like to see it back at $80
PS: Those of you that...
I know this chart looks absolutely ridiculous. On the other hand... we have seen numerous cryptos get listed on exchanges and do a full fib extension or more after bottoming out. Akita is a great example of this. Has ICP bottomed yet? There really is no telling. It will likely be dependent on whether the $28k-29k tap on BTC was the bottom of this recent...
Dfinity just broke resistance range. Volumes also look good for possible uptrend.
This coin got destroyed last months but it is now looking good for possible 330 levels (50% of whole correction from ATH)
Marketcap: $12B (#17)
Open interest: $6.97M
Funding Rates: Flat