ICP is currently trading at approximately $5.42, reflecting a 6.39% drop over the past 24 hours. This correction comes after a brief bullish push earlier in the week which was driven by momentum around the recent World Computer Summit. However, the pullback suggests that short-term traders are taking profits near resistance levels.
In this article, we will look at ICP Crypto next target by looking at key levels and latest news.
For on-demand analysis of any cryptocurrency, join our Telegram channel.
ICP Crypto Next Target
- Current Price: $5.42
- 24h Price Change: –6.39%
- 24h Range: $5.33 – $5.84
- Market Cap: ~$2.90 billion
- 24h Trading Volume: ~$109 million
- Circulating Supply: ~534 million ICP
Following a breakout from Triangle, price got rejected at $6.00 resistance. We would consider buying on pullbacks to $5.00 support, which is also near up trendline, with +20% potential upside back to $6.00 resistance. Stop Loss at $4.60.
Key Technical Indicators
- RSI: ~45 (leaning bearish after recent rally)
- MACD: Bearish crossover observed, suggesting short-term downside pressure
- Support Levels: $5.00 and $4.80
- Resistance Levels: $5.65–$5.96, followed by $6.10
- Trend: Currently in a corrective phase after recent breakout
Latest Internet Computer News & Developments
- Summit Hype Cools Off
ICP briefly spiked above $6.10 earlier in the month during the World Computer Summit. - Ecosystem Expansion
The ICP network celebrated its fourth anniversary. - Institutional Adoption
BitGo integration and new custodial options are being explored to attract more institutional capital to the ICP ecosystem.
Forecast Outlook
ICP is currently in a short-term correction. As long as the price holds above the $5.00 level, bulls may attempt another push toward the $5.90–$6.10 resistance zone. If support fails, downside toward $4.80 remains a risk.
👉 Short-Term Outlook: Neutral to Bearish
📉 Risk Level: Moderate – near-term volatility expected
For on-demand analysis of any cryptocurrency, join our Telegram channel.
