Stock Groups

Internet Computer eyes 50% move as ICP enters ‘falling wedge’ breakout territory -Breaking

[ad_1]


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.

A daily price chart showing a falling wedge’ arrangement. TradingView
Daily price chart for ICP/USD Source: TradingView