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The Internet Computer price surged 12% in the last 24 hours to trade at $8.73 as of 03:37 a.m. EST on trading volume that soared 169% to $228 million.
Internet Computer Price Prediction: ICP Set For A Bullish Trend Continuation
The Internet Computer price, has since August experienced notable pressure from both bulls and bears. The $6.89 support has allowed the bulls to sustain some pressure, forming a double bottom pattern.
Even though the bulls struggle to push the price of Internet Computer above the $8.87 resistance, the price forming a rounding bottom shows that the price could be headed towards a sustained bullish trend.
The price of Internet Computer now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the likely bullish trend continuation.
Moreover, the Relative Strength Index (RSI) is moving above the 70-overbought region, currently at 72, showing that the asset is under intense buying pressure.
The Moving Average Convergence Divergence (MACD) supports the upward trend sentiment, as it moves towards the neutral zone. The blue MACD line also crosses above the orange signal, a sign that the price of Internet Computer is on positive momentum.
ICPUSDT Chart Analysis (Source: Tradingview)
Internet Computer Price Aiming For Prices Over $10
According to the ICPUSDT 4-hour chart analysis, ICP is currently aiming for a bullish trend continuation, as the bulls capitalize on the RSI and MACD to sustain the positive momentum. If this momentum continues, the price of Internet Computer could soar, as the bulls currently target $10.56.
Conversely, if the bears take charge of the price at this level, the price of Internet Computer could plunge back, with $7.54 acting as a formidable support.
Meanwhile, as the ICP price soars, investors are rushing to buy the new meme token Crypto All-Stars (STARS), which has raised over $1.2 million in a few weeks since its launch.
Jacob Bury, a crypto YouTuber with over 42K subscribers, says that $STARS has the potential to soar 10X after its launch.
The Crypto All-Stars Presale Amasses Over $1.2 Million – Next Meme Coin To Explode?
Do you want to stake DOGE, SHIB, and FLOKI in the easiest way possible? In one platform?
Crypto All-Stars, a new crypto initiative, is making this happen. This project has launched a platform that seeks to bring together diverse meme coins for staking.
Through its unique MemeVault protocol, users can stake their preferred meme tokens on this platform and earn rewards in STARS, the platform’s native token.
What Is Crypto All-Stars?
Crypto All-Stars is set to revolutionize the meme coin sector with its innovative ‘Meme Vault’ platform. 💥
This is more than just another meme coin – it's an entirely new way to interact with the meme coin ecosystem!
— web3telepath (@web3telepath) August 15, 2024
The VIP list of meme coins on Crypto All-Stars includes Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Brett, Mog Coin, Milady Meme Coin, Turbo, Toshi, Coq Inu, and Bonk. More meme coins will be added in coming months.
Over the past four days, the project secured over $180,000, including a $50,000 whale purchase, propelling its funding goals higher as meme coin investors anticipate the launch of its unified staking platform.
You can also buy and stake $STARS for an annual percentage yield (APY) of 1,231%.
You can buy $STARS tokens for $0.0014362 each right now. With a price increase coming in less than two days, interested investors should act fast to get the best possible price.
Purchase $STARS from its official website here using BNB, USDT, or a bank card.
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