Internet Computer (ICP) has had an eventful eight days in the crypto markets, pumping by 57.4% from a local low of $4.961 set on Thursday, February 9th, to a local peak of $7.809 set yesterday, Friday, February 17th.
Internet Computer’s (ICP) Golden Cross Could Send it to $9.80
Further checking the one-day ICP/USDT chart below courtesy of Tradingview.com, it can be observed that a bullish golden cross between the 50-day (white) and 200-day (green) moving averages should happen sometime next week. The event could provide Internet Computer (ICP) with additional momentum to push from current levels of $7.242 toward the $9.80 resistance area before the end of the first quarter of 2023.
However, Internet Computer’s daily MFI (green), MACD and RSI (red) hint at an overbought scenario that could result in consolidation at current levels or a pullback to lower levels.
If the latter occurs, Internet Computer (ICP) has the following price areas acting as short-term support.
- $6.98
- $6.84
- $6.66
- $6.50
- $6.45
- $6.23