Internet Computer Price Prediction 2021 – Will ICP Hit $140 Soon?
- Bullish ICP price prediction ranges from $60 to $138.
- ICP price might also reach $140 soon.
- ICP bearish market price prediction for 2021 is $27.
In Internet Computer price prediction 2021, we use statistics, price patterns, RSI, and much other information about ICP to analyze the future movement of the cryptocurrency.
Internet Computer (ICP) is a utility token that enables users to take part in and govern the Internet Computer blockchain network. The platform looks to help developers to create websites, enterprise IT systems, internet services, and DeFi applications by downloading their code directly on the public Internet. Internet Computers (ICP) can also be staked or converted into cycles which can be used to power computations of dApps and traditional applications.
According to CoinGecko, the ICP price is trading at $39.40 with a 24-hour trading volume of $194,669,855 at the time of writing. Moreover, ICP has decreased by 8.65% in the last 24 hours.
However, ICP has a circulating supply of 136,899,213.55 ICP. Currently, ICP trades in cryptocurrency exchanges such as Binance, Huobi Global, OKEx, BiONE, and XT.COM.
Internet Computer (ICP) Price Prediction 2021
Internet Computer (ICP) holds the 21st position on CoinGecko right now. ICP price prediction 2021 is explained below with a daily time frame.
The above chart shows the Triangle pattern. Accordingly, a triangle pattern is composed of a downward diagonal upward trend line and an upward diagonal downward trend line. When the price rises, it will inevitably break through the upper trend line to break, and in an uptrend, the price will rise or break. A lower trend line forms a breakthrough and a downward trend in which prices fall.
In the daily time frame chart, if the price of the ICP breaks the resistance level of $60, it will reach the target of $100. Else, if the price of the ICP breakout the support level of $37 means it will fall to the next support level at $27. So, the trend of the ICP is based on the breakout.
Internet Computer (ICP) Support and Resistance Level
The below chart shows the support and resistance level of ICP.
From the above daily time frames, it is clear the following are the resistance and support levels of ICP.
| Resistance Level 1 | $60 |
| Resistance Level 2 | $87 |
| Resistance Level 3 | $138 |
| Support Level 1 | $37 |
| Support Level 2 | $27 |
The charts show that ICP has performed a bullish trend over the past month. If this trend continues, ICP might run along with the bulls overtaking its resistance level at $60.
Accordingly, if the investors turn against the crypto, the price of the ICP might plummet to almost $27, a bearish signal.
Internet Computer (ICP) Average Directional Index (ADX)
Now let’s see the average directional index (ADX) of ICP. Generally, the Average Direction Index (ADX) helps traders determine the strength of a trend, rather than its actual direction. It can used to determine whether the market changing or a new trend is starting. It is associated with the Directional Movement Index (DMI) and includes the ADX line.
The range of the oscillator is from 0 to 100. A high value indicates a strong trend, and a low value indicates a weak trend. It is often combined with directional indicators.
The above chart shows the ADX of ICP stays above the range of 35, so it indicates a strong trend.
Conclusion
The ICP is one of the cryptos that keeps its ground against the bearish market. Hence more, our long-term ICP price prediction for 2021 is bullish. It has a huge possibility f overtaking its current all-time-high (ATH) of $700.65 this year. More so, this will only happen if it breaks many past psychological resistances.
Henceforth, with the ongoing developments and upgrades within the ICP ecosystem, it could experience a great future ahead in 2021. It may reach $138 soon and it might even reach high heights, however reaching $140, if investors have planned that ICP is a good investment in 2021
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
