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ICP Coin Price Analysis: Might settle at $59.34 and then breakout could be visible.

ICP coin
  • ICP has total voting power of 313,815,234 and daily voting rewards of 125,150 ICP($8.0M)
  • The total of ICP locked in neurons are 154M-314M(33%-67%).
  • RSI for ICP shows the NEUTRAL action.
Tradingview

The token has formed the pattern of engulfing bearish last night at 21:30. ICP sank by 3.66% on Thursday. Following a 4.64% gain on Wednesday, ICP ended the day at 63.97. The last known price of this coin is 64.32. 

A mixed start for the day saw ICP fall to an early morning intraday low of $60.532 (Till time) and it is expected to sink more in the coming time and so the intraday low could be a new one. It has the current trading volume(s) of 530,491,947 with a loss of 47.34% over the last 24 hours. 

ICP has total blocks to 136,488,012 at the time of writing whereas block rate is 21.3 bps. The avg messages speed is 3.5 mps. The holders with the active address(es) are not mentioned. The circulating supply of tokens is 136,899,214 ICP coins and the max. supply is 469,213,710 ICP coins

SMA-20, SMA-50 and SMA-200

The chart above shows the movement of ICP where 20 SMA have been running above  SMA-200 and SMA-50. On a four hours time frame of the coin, we see the token with respect to SMA’s which are 20, 50 and 200. The candles forming now have lost the support of SMA-20 and are likely to rest at SMA-50 in the coming time.

BUY OR SELL?

An RSI oscillator is also present in the chart which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 48.053 and marks the neutral action. MA-5, MA-50 and MA-100 show the sell action whereas MA-10, MA-20 and MA-200 shows the buy action. However, ICP at present is fine to buy for intraday trading.

The bull/bear power has the value of 0.0792 and shows the buy action. The high/low marks the buy action with the value of 0.0156.

The ICP-BTC pair is trailing at the level of 0.001401 and the loss of 8.91% was seen whereas the ICP-ETH pair is at 0.02032 and the low of 6.92% was seen in the last 24 hours. The volume/market cap of the token is 0.06051 and its market dominance is 0.46%.

Conclusion: 

All the three SMA’s are located parallel to each other and such conditions represent that profits might come in the coming time. So, if one wants to enter ICP then long now. However, the token does not show a hike early but it is expected to show anytime in near future.

The days range for the coin is 60-71.39 and presently is at 63.55. The 24 hours high and low of the coin is 71.26 and 60.21 respectively. The ICP ATH is 737.20 and ATL is 20.08.  ICP ROI (approximate return on investment if purchased at the time of launch) is not mentioned. This is just an assumption. Long the token by the decision of your own thoughts.

Technical Instruments:

Pivot: 64.32

R-1: 64.32

S-1: 64.32

Note:

  • The unit is USD
  • SMA-20: Green colour
  • SMA-50: Red colour
  • SMA-200: Blue colour