Internet Computer is trading -20.83% below our April 5, 2024 price forecast

Internet Computer is trading -20.83% below our April 5, 2024 price forecast

Disclaimer: This is not investment advice. The information provided is for general purposes only. Any information, materials, services and other content provided on this page do not constitute a solicitation, recommendation, endorsement or any financial, investment or other advice. Seek independent professional advice in the form of legal, financial and financial advice before making any investment decisions.

  • Internet computers rose 3.61% against the US dollar today
  • Internet Computer is currently trading 20.83% below our April 5, 2024 forecast
  • Internet computers rose 45.86% last month and 257.76% from a year ago
Internet computer price $18.68
internet computer predictions $23.59 (29.39%)
mood bullish
fear and greed index 75 (greed)
key support level $17.21, $16.51, $15.82
key resistance level $18.61, $19.30, $20.00

According to our Internet Computer Price Forecast, ICP prices are expected to increase by 29.39% in the next 5 days

It is currently trading at $18.68 after rising 3.61% in the past 24 hours. The coin has outperformed the cryptocurrency market, with the total cryptocurrency market capitalization increasing by 3.58% over the same period. ICP performed well against BTC today, rising 1.73% against the world’s largest cryptocurrency.

According to our Internet Computer Price Forecast, the price of ICP is expected to reach $23.59 by April 5, 2024. This means that the price of ICP will increase by 29.39% in the next 5 days.

ICP Price Forecast Chart

Buy/Sell Internet Computers

What happened to computers on the Internet in the past 30 days

Internet Computer has shown a positive trend recently, with the coin rising by 45.86% in the past 30 days. The medium-term trend of Internet computers is bullish, with ICP rising 42.90% in the past three months. The long-term outlook for Internet Computers is positive as ICP currently shows a 1-year price change of 257.76%. On this day last year, ICP was trading at $5.22.

Internet computers reached their all-time high price on May 10, 2021, when ICP’s price peaked at $497.71. The current ICP cycle high is $20.75 and the cycle low is $2.86. ICP has been exhibiting high volatility lately – the coin’s 1-month volatility is 14.58. Internet Computers recorded 17 green days in the past 30 days.

Today’s Internet Computer Technology Analysis – March 31, 2024

The sentiment in the Internet Computer market is currently Bullish and the Fear & Greed Index is Greedy. The most noteworthy support levels are $17.21, $16.51, and $15.82, while $18.61, $19.30, and $20.00 serve as key resistance levels.

Bullish Sentiment in Internet Computers

There are currently 26 indicators showing bullish forecasts from Internet Computers, while 3 indicators show bearish forecasts. 90% of indicators support a positive forecast.This results in overall bullish Perspectives on Internet Computers.

The cryptocurrency market is currently experiencing greed

Currently, the Fear and Greed Index is 75 (greed)which shows that investors are optimistic about the market prospects. The Fear and Greed Index is a measure of cryptocurrency investor sentiment. A “Greed” reading indicates that investors are currently optimistic about the cryptocurrency market, but may also indicate that the market is overvalued. On the other hand, a “Fear” reading indicates that investors are currently hesitant about the cryptocurrency market, which may represent a buying opportunity.

Internet Computer Moving Averages and Oscillators

Let’s take a look at the signals sent by some of the most important technical indicators. We’ll examine key moving averages and oscillators that will allow us to better understand where Internet Computer is currently positioned in the market.

period Everyday simplicity daily index Simple every week weekly index
MA3 $13.60 (purchase) $14.83 (purchase)
MA5 $15.50 (purchase) $14.07 (purchase)
MA10 $15.39 (purchase) $12.53 (purchase)
MA21 $14.11 (purchase) $10.12 (purchase) -$34.95 (purchase) $9.84 (purchase)
MA50 $13.68 (purchase) $7.36 (purchase) -$32.04 (purchase) $7.25 (purchase)
MA100 $12.82 (purchase) $5.78 (purchase) -$29.57 (purchase) $4.15 (purchase)
MA200 $8.85 (purchase) $5.07 (purchase)
period value action
RSI(14) 62.68 Sell
Stoch RSI (14) 100.00 Sell
Quick Random(14) 71.90 neutral
Commodity Channel Index(20) 66.67 neutral
Average Directional Index(14) 32.85 purchase
Great oscillator(5, 34) 4.15 neutral
Momentum(10) 5.99 neutral
MACD (12, 26) 0.48 neutral
Williams Percentage Range(14) -28.10 neutral
Ultimate Oscillator(7, 14, 28) 54.02 neutral
Volkswagen Automobile Manufacturers Association(10) 17.11 purchase
Hull Moving Average(9) 19.53 Sell
Ichimoku Bill of Lading (9, 26, 52, 26) 15.70 neutral

The Relative Strength Index (RSI 14) is a widely used indicator that helps investors understand whether an asset is currently overbought or oversold. Internet Computer’s RSI 14 is 62.68, indicating that ICP is currently neutral.

The 50-day simple moving average (SMA 50) takes into account the Internet Computer’s closing prices over the past 50 days. Currently, Internet Computer is trading below the SMA 50 trendline, which is a bearish sign.

Meanwhile, the 200-day simple moving average (SMA 200) is a long-term trendline calculated by averaging the ICP closing prices over the past 200 days. ICP is currently trading below the 200 moving average, indicating that the market is currently bearish.

The bottom line about computer predictions on the Internet

Considering the above factors, we can conclude that the current Internet computer price forecast is bullish. ICP would have to rise 29.39% over the next five days to hit our target of $23.59. Going forward, it will be important to monitor ICP market sentiment, key support and resistance levels, and other indicators. However, we must remember that the cryptocurrency market is unpredictable and even the largest crypto assets can show large price fluctuations. For a long-term Internet computer price forecast, click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. Any information, materials, services and other content provided on this page do not constitute a solicitation, recommendation, endorsement or any financial, investment or other advice. Seek independent professional advice in the form of legal, financial and financial advice before making any investment decisions.

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