You are currently viewing ICP is up by more than 9% in the last 24 hours

ICP is up by more than 9% in the last 24 hours

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The cryptocurrency market is recovering from the hunch it suffered earlier this week. 

The cryptocurrency market is buying and selling in the inexperienced zone after shedding a few of its worth earlier this week. The market has added more than 1% to its worth in the last 24 hours, however the whole market cap stays beneath $1.3 trillion.

Bitcoin is nonetheless struggling beneath the $30k mark regardless of including much less than 1% to its worth thus far in the present day. Ether is in the pink zone, dipping by more than 3% in the last 24 hours. At press time, ETH is struggling to remain above the $1,700 assist degree.

ICP, the native token of the Internet Computer ecosystem, is at present the greatest performer amongst the high 50 cryptocurrencies by market cap. ICP has outperformed the different main cryptocurrencies in the last 24 hours.

There is no obvious catalyst behind ICP’s ongoing constructive efficiency. In the last seven days, ICP has added more than 15% to its worth.

The Internet Computer group is perhaps warming up to DFINITY’s upcoming SUPERNOVA hackathon. This is the hackathon of the Internet Computer group, and will see some nice tasks deployed on the blockchain.

Key ranges to observe

The ICP/USD 4-hour chart is bullish as ICP has been performing properly over the previous few days. 

The MACD line is inside the constructive territory, indicating bullish momentum. The 14-day relative energy index of 52 exhibits that ICP is now not inside the oversold area.

At press time, ICP is buying and selling at $8.29 per coin. If the rally continues, ICP might transfer previous the $9.14 resistance degree earlier than the finish of the day. 

However, it might want the assist of the broader crypto market to achieve the $10 mark in the brief time period. 



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