ICP USDT Internet Computer Technical Analysis

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By Frans van Elst

Internet Computer logo In this Internet Computer technical analysis, we will examine the current price action, trading volume, key levels and indicators for ICP-USDT. Internet Computer (ICP) is a decentralized blockchain network that enables the creation and deployment of scalable, secure, and interoperable applications. With its novel architecture and innovative features, ICP has gained significant attention in the crypto space for its potential to revolutionize the way we interact with the internet. By leveraging the power of blockchain technology, ICP aims to provide users with a more open, transparent, and secure online experience.

Internet Computer Price Overview:

As of May 01, 2024, Internet Computer is trading at approximately 12.692 USDT. Let’s dive into the detailed price action for ICP-USDT:

Envision bearish outlook for Internet Computer (ICPUSDT) at 12.69 USDT with weakened support and cautionary indicators, revealed in technical analysis.

Metric Value
Open (O) 12.876
High (H) 13.101
Low (L) 12.158
Close (C) 12.692
Volume (C) 1,899,964.06
  • Open (O): The opening price for today’s trading session was approximately 12.876 USDT.
  • High (H): Internet Computer reached a daily high of around 13.101 USDT.
  • Low (L): The daily low for ICP-USDT was approximately 12.158 USDT.
  • Close (C): At the time of analysis, Internet Computer is trading near its daily close of 12.692 USDT.
Metric Value
1D Change (%) -1.44%
3D Change (%) -6.54%
7D Change (%) -7.39%
30D Change (%) -29.61%
90D Change (%) 8.78%
YTD Change (%) -4.54%

Over the past three days, ICPUSDT has dropped by approximately -6.54%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -7.39%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ICPUSDT maintaining a downward trend of approximately -29.61%, despite intermittent fluctuations. Examining the last 90 days, ICPUSDT has witnessed substantial increase of approximately 8.78%, reflecting strong long-term confidence. Year-to-date, ICPUSDT has steadily declined by around -4.54%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Internet Computer Live Chart:

You can access a live price chart for ICP-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.


Price Volatility and Momentum:

  • Volatility score is 0.90229.
  • Momentum score is -0.20501.

ICP USDT Technical Analysis

Internet Computer Trading Volume:

The trading volume for Internet Computer (ICP) over the past 24 hours has been insignificant, with approximately 1,899,964.06 USDT traded against ICP. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): ICP is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Internet Computer is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for ICP-USDT is currently in the neutral zone, around 45.52901. This suggests that Internet Computer is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Internet Computer (ICP-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Envision bearish outlook for Internet Computer (ICPUSDT) at 12.69 USDT with weakened support and cautionary indicators, revealed in technical analysis.

Missing our detailed breakdown on ICP BTC Internet Computer Technical Analysis would be a lost opportunity if you found value in this post.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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