$ICP /USDT Showing Sideways Movement Around $5.00
Hey everyone,
Let's take a look at the $ICP /USDT chart. The current price of Internet Computer is hovering around $4.996, showing a slight increase of +2.28% recently.
Looking at the last 24 hours, ICP has ranged from a Low of $4.740 to a High of $5.000. The 24h Volume stands at 1.92M ICP, which is equivalent to 9.32M in USDT.
The chart indicates that ICP has been trading in a relatively tight sideways range, closely around the psychological level of $5.00. We can see attempts to push above this level, but they seem to be met with some resistance. Similarly, the $4.74 level appears to be acting as a support.
Traders will likely be watching for a clear break out of this range to determine the next direction for ICP. A sustained move above $5.00 could signal further bullish momentum, while a drop below $4.74 might indicate a potential move downwards.
Key points to observe:
Resistance: The 24-hour high of $5.00 is the immediate resistance to watch.
Support: The 24-hour low of $4.740 is the key support level.
Momentum: The current momentum appears to be neutral, with price action staying within the established range around $5.00.
What are your thoughts on Internet Computer's current movement? Do you anticipate a breakout from this range soon, or will the sideways action continue? Share your analysis!
