#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
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.