🔷️ $ICP continues its upward trend. It received a strong reaction from the green line area where buyers are concentrated. As long as the price stays above this rising trend line, the resistance levels marked with yellow lines can be technically monitored.
📊 Positive Technical Indicators:
RSI (~54): Neither overbought nor oversold; presents a balanced outlook.
MACD (~0.23): In positive territory; indicates sustained bullish momentum.
ADX (~27): Above the 25 level; signals a strong current trend.
Moving Averages: Trading above the 20, 50, and 200-day EMAs, indicating technical strength.
🔍 What is $ICP ?
Internet Computer (ICP) is a blockchain protocol developed by the DFINITY Foundation aiming to create a decentralized internet infrastructure.
Governance Token: Users can participate in governance decisions on the network.
Cycle Conversion: Used as digital fuel called “Cycle” for processing power and storage in DApps.
Staking and Reward Mechanism: Provides rewards to contributing node operators.
⚠️ This content is not investment advice. Crypto assets carry high risk; please conduct your own research.
