#Internet Computer Protocol (ICP) recently formed a base near $10 before initiating a fresh uptrend.
A strong uptrend has been observed in ICP's price, notably breaking above the $16 resistance level, indicating robust buying pressure.
Bulls are currently targeting a move towards the $20 resistance level.
Despite several rejections, the rally paused for over three months around the $15 horizontal resistance area.
Last week, $ICP experienced a significant rebound after forming a double-bottom pattern above a notable support level.
The price of $ICP surged to a 23-month high, surpassing $19 today, following an impressive 83% rally throughout the week.
On the 4-hour chart, ICP is poised for a breakout of the 50/200-day Golden Cross, signaling further bullish momentum.
In continuation of the bullish trend, the next significant resistance level lies at $40, representing a 110% increase from the current price.
Conversely, a reversal in the trend might lead to a loss of momentum, potentially testing the lower support level at $15.00.
As per Coin Gabbar analysis, ICP Price Prediction 2030 will probably be $85 and ICP Price Prediction 2040 anticipates a significant surge in value to approximately $250.
KEY LEVELS :
RESISTANCE LEVEL : $23.00-$28.00
SUPPORT LEVEL : $15.00-$11.00
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