Internet Computer eyes 50% move as ICP enters ‘falling wedge’ breakout territory -Breaking
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Internet Computers are priced at (ICPAfter falling to a record low of $14.50, ), ), reversed its direction and has recovered more than 30% since then. It now appears that the 35th largest digital asset in terms of market capitalization still has plenty to grow over the next few weeks.
ICP’s daily chart displays a fall wedge pattern — a setup consisting of two descending, converging trendlines connecting lower highs and lower lows. These lines intersect, indicating a weakness in bearish momentum. Accordingly, bullish analysts are anticipating a break out from a wedge.
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