Internet Computer Price Prediction 2022 – Will ICP Hit $85 Soon?
- Bullish ICP price prediction is $37.30 to $83.88.
- ICP price might also reach $85 soon.
- ICP bearish market price prediction for 2022 is $20.80.
In Internet Computer’s (ICP) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about ICP to analyze the future movement of the cryptocurrency.
Internet Computer Current Market Status
According to CoinGecko, the price of ICP is $32.04 with a 24-hour trading volume of $280,524,870 at the time of writing. However, ICP has increased nearly 0.2% in the last 24 hours.
Moreover, ICP has a circulating supply of 198,413,713 ICP. Currently, ICP trades in cryptocurrency exchanges such as Binance, OKEx, Mandala Exchange, Huobi Global, and Bybit.
What is an Internet Computer (ICP)?
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.
Internet Computer (ICP) Price Prediction 2022
Internet Computer holds the 31st position on CoinGecko right now. ICP price prediction 2022 is explained below with a daily time frame.
A descending channel is a pattern formed from two downward trend lines drawn above and below the price indicating the resistance and support levels. It is a bearish pattern defined by a trend line that supports a series of lower lows and a diagonal resistance level that connects low highs.
Currently, ICP is in the range of $32.04. If the pattern continues, the price of ICP might reach the resistance level of $55.10 and $81.80. If the trend reverses, then the price of ICP may fall to $20.80.
Internet Computer (ICP) Support and Resistance Level
The below chart shows the support and resistance level of ICP.
From the above daily time frame, it is clear the following are the resistance and support levels of ICP.
- Resistance Level 1 – $38.30
- Resistance Level 2 – $57.17
- Resistance Level 3 – $83.88
- Resistance Level 4 – $135.65
- Support Level – $20.88
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 $135.65.
Accordingly, if the investors turn against the crypto, the price of the ICP might plummet to almost $20.88, a bearish signal.
Internet Computer Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of ICP is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of ICP lies below the cutoff line, indicating weaker participants in the current trend.
More so, the ICP’s Moving Average (MA) is shown in the chart above. Currently, ICP is in a bullish state. Notably, the ICP price lies above 50 MA (short-term), so it is completely in an upward trend. Therefore, there is a possibility of a reversal trend of ICP at any time.
Meanwhile, the relative strength index (RSI) of the ICP is at level 52.77. This means that ICP is in a neither overbought nor oversold state. However, this means a major price reversal of ICP may occur in the upcoming days.
Internet Computer Price Prediction 2022 — ADX, RVI
Let us now look at Internet Computer’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Internet Computers. Currently, ICP lies in the range of 31.83, so it indicates a strong trend.
From the above chart, the Relative Volatility Index (RVI) of ICP. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of ICP lies above the 50 levels, indicating that the direction of volatility is high. In fact, ICP’s RSI is at 52.77 level thus confirming a potential buy signal.
Comparison of ICP with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Internet Computer.
From the above chart, we can identify the trend of the ICP is moving at the upward trend. But, the recent trend of BTC and ETH moves in a downward direction.
Conclusion
With continuous improvements in the Internet Computer network, we can say that 2022 is a good year for ICP. For this reason, the bullish price prediction of Internet Computer in 2022 is $83.88. On the other hand, the bearish ICP price prediction for 2022 is $20.80.
Furthermore, with the advancements and upgrades on the ICP ecosystem, the performance of ICP would help to reach above its current all-time high (ATH) $55.10 very soon. But, it might also reach $85 if the investors believe that ICP is a good investment in 2022.
FAQ
The Internet computer (IC) is the world’s first blockchain, capable of running at internet speeds with unrestricted capabilities.
ICP has listed on many crypto exchanges which include Binance, OKEx, Mandala Exchange, Huobi Global, and Bybit.
With the ongoing developments and upgrades within the ICP platform, it has a high possibility of reaching its ATH soon.
On May 10, 2021, ICP reached its new all-time high (ATH) of $700.65 .
Internet Computer (ICP) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of ICP in the past few months, ICP is considered a good investment in 2022.
Internet Computer (ICP) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Internet Computer (ICP) will hit $85 soon.
Internet Computer (ICP) price is expected to reach $120 by 2023.
Internet Computer (ICP) price is expected to reach $180 by 2024.
Internet Computer (ICP) price is expected to reach $250 by 2025.
Internet Computer (ICP) price is expected to reach $300 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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