ICP, the native token of the Internet Computer blockchain, has turned bullish in the past 24 hours and surged 11.81%, currently trading at $8.67. The fundamentals of the altcoin’s price trajectory have turned optimistic.
Current ICP Price
ICP, the native token of the Internet Computer blockchain, has surged 11.81% in the past 24 hours and is currently trading at $8.67. This surge is attributed to the change in the altcoin’s price fundamentals.
Hidden Bullish Divergence
Crypto analyst Javon Marks pointed to a Hidden Bullish Divergence on the ICP price chart. This pattern, where prices make lower lows while the Relative Strength Index (RSI) makes higher lows, often indicates increasing buying pressure. This pattern hints at a recovery and continuation back to and above the post-breakout highs standing at $20.96.
Long-Term Prediction
Marks believes ICP could see a 129% surge, with a more ambitious target of $79.5. In the long term, he predicts a potential 750% surge in the token's price.
The 11.81% surge in ICP in the past 24 hours and Javon Marks’ positive long-term prediction point to potential growth prospects for the cryptocurrency. The Hidden Bullish Divergence with the Relative Strength Index provides additional support to this outlook.
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