• bitcoinBitcoin (BTC) $ 65,551.00
  • ethereumEthereum (ETH) $ 3,558.21
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 603.70
  • solanaSolana (SOL) $ 140.94
  • staked-etherLido Staked Ether (STETH) $ 3,558.34
  • usd-coinUSDC (USDC) $ 1.00
  • xrpXRP (XRP) $ 0.492370
  • dogecoinDogecoin (DOGE) $ 0.125603
  • the-open-networkToncoin (TON) $ 7.06
  • cardanoCardano (ADA) $ 0.395807
  • shiba-inuShiba Inu (SHIB) $ 0.000019
  • avalanche-2Avalanche (AVAX) $ 27.28
  • tronTRON (TRX) $ 0.116412
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 65,617.00
  • chainlinkChainlink (LINK) $ 14.32
  • polkadotPolkadot (DOT) $ 5.92
  • bitcoin-cashBitcoin Cash (BCH) $ 395.62
  • uniswapUniswap (UNI) $ 10.36
  • litecoinLitecoin (LTC) $ 74.22
  • nearNEAR Protocol (NEAR) $ 5.06
  • wrapped-eethWrapped eETH (WEETH) $ 3,697.82
  • matic-networkPolygon (MATIC) $ 0.573644
  • leo-tokenLEO Token (LEO) $ 5.74
  • daiDai (DAI) $ 0.999635
  • pepePepe (PEPE) $ 0.000012
  • internet-computerInternet Computer (ICP) $ 8.43
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,568.98
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • kaspaKaspa (KAS) $ 0.147534
  • ethereum-classicEthereum Classic (ETC) $ 23.84
  • fetch-aiFetch.ai (FET) $ 1.30
  • aptosAptos (APT) $ 7.08
  • moneroMonero (XMR) $ 167.51
  • render-tokenRender (RNDR) $ 7.90
  • hedera-hashgraphHedera (HBAR) $ 0.081166
  • mantleMantle (MNT) $ 0.835333
  • stellarStellar (XLM) $ 0.092690
  • cosmosCosmos Hub (ATOM) $ 6.84
  • okbOKB (OKB) $ 43.11
  • crypto-com-chainCronos (CRO) $ 0.094220
  • filecoinFilecoin (FIL) $ 4.46
  • blockstackStacks (STX) $ 1.71
  • arbitrumArbitrum (ARB) $ 0.829494
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • immutable-xImmutable (IMX) $ 1.56
  • makerMaker (MKR) $ 2,486.50
  • optimismOptimism (OP) $ 1.95
  • lido-daoLido DAO (LDO) $ 2.35
  • dogwifcoindogwifhat (WIF) $ 2.10
  • the-graphThe Graph (GRT) $ 0.219447
  • bittensorBittensor (TAO) $ 295.92
  • injective-protocolInjective (INJ) $ 20.97
  • suiSui (SUI) $ 0.828947
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,948.55
  • vechainVeChain (VET) $ 0.026532
  • arweaveArweave (AR) $ 28.46
  • ondo-financeOndo (ONDO) $ 1.21
  • flokiFLOKI (FLOKI) $ 0.000176
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,681.00
  • notcoinNotcoin (NOT) $ 0.015925
  • bitget-tokenBitget Token (BGB) $ 1.17
  • jasmycoinJasmyCoin (JASMY) $ 0.033299
  • fantomFantom (FTM) $ 0.554334
  • based-brettBrett (BRETT) $ 0.152563
  • theta-tokenTheta Network (THETA) $ 1.50
  • bonkBonk (BONK) $ 0.000022
  • thorchainTHORChain (RUNE) $ 4.16
  • whitebitWhiteBIT Coin (WBT) $ 9.48
  • aaveAave (AAVE) $ 86.67
  • celestiaCelestia (TIA) $ 6.55
  • coredaoorgCore (CORE) $ 1.34
  • eosEOS (EOS) $ 0.572033
  • cheeleeCheelee (CHEEL) $ 19.66
  • pyth-networkPyth Network (PYTH) $ 0.316943
  • quant-networkQuant (QNT) $ 78.74
  • ethenaEthena (ENA) $ 0.669100
  • algorandAlgorand (ALGO) $ 0.138665
  • sei-networkSei (SEI) $ 0.361126
  • flare-networksFlare (FLR) $ 0.025450
  • gatechain-tokenGate (GT) $ 8.22
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,590.25
  • jupiter-exchange-solanaJupiter (JUP) $ 0.772812
  • galaGALA (GALA) $ 0.028273
  • beam-2Beam (BEAM) $ 0.019590
  • starknetStarknet (STRK) $ 0.745918
  • kucoin-sharesKuCoin (KCS) $ 9.92
  • flowFlow (FLOW) $ 0.624789
  • zebec-protocolZebec Protocol (ZBC) $ 0.017863
  • pendlePendle (PENDLE) $ 5.73
  • bitcoin-svBitcoin SV (BSV) $ 44.47
  • tokenize-xchangeTokenize Xchange (TKX) $ 10.93
  • axie-infinityAxie Infinity (AXS) $ 5.96
  • dydx-chaindYdX (DYDX) $ 1.44
  • bittorrentBitTorrent (BTT) $ 0.00000088
  • gnosisGnosis (GNO) $ 327.10
  • ethereum-name-serviceEthereum Name Service (ENS) $ 26.71
  • elrond-erd-2MultiversX (EGLD) $ 30.30
  • ordinalsORDI (ORDI) $ 38.72
  • neoNEO (NEO) $ 11.43
  • zksyncZKsync (ZK) $ 0.218088
  • roninRonin (RON) $ 2.40
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,547.08
  • tezosTezos (XTZ) $ 0.773449
  • msolMarinade Staked SOL (MSOL) $ 168.36
  • the-sandboxThe Sandbox (SAND) $ 0.325176
  • usddUSDD (USDD) $ 0.996693
  • chilizChiliz (CHZ) $ 0.081976
  • nexoNEXO (NEXO) $ 1.29
  • akash-networkAkash Network (AKT) $ 2.97
  • fasttokenFasttoken (FTN) $ 2.22
  • frax-etherFrax Ether (FRXETH) $ 3,545.57
  • worldcoin-wldWorldcoin (WLD) $ 2.85
  • singularitynetSingularityNET (AGIX) $ 0.538710
  • wormholeWormhole (W) $ 0.380333
  • oasis-networkOasis Network (ROSE) $ 0.098485
  • havvenSynthetix Network (SNX) $ 2.00
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,819.61
  • lido-staked-solLido Staked SOL (STSOL) $ 166.70
  • fraxFrax (FRAX) $ 0.998690
  • dexeDeXe (DEXE) $ 11.30
  • ecasheCash (XEC) $ 0.000033
  • mina-protocolMina Protocol (MINA) $ 0.572203
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.006340
  • conflux-tokenConflux (CFX) $ 0.152147
  • livepeerLivepeer (LPT) $ 18.99
  • decentralandDecentraland (MANA) $ 0.333938
  • swethSwell Ethereum (SWETH) $ 3,759.25
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.30
  • klay-tokenKlaytn (KLAY) $ 0.164219
  • book-of-memeBOOK OF MEME (BOME) $ 0.008692
  • rocket-poolRocket Pool (RPL) $ 28.88
  • heliumHelium (HNT) $ 3.56
  • apecoinApeCoin (APE) $ 0.931753
  • aioz-networkAIOZ Network (AIOZ) $ 0.531318
  • tether-goldTether Gold (XAUT) $ 2,331.54
  • mantra-daoMANTRA (OM) $ 0.696004
  • iotaIOTA (IOTA) $ 0.171179
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,867.33
  • safeSafe (SAFE) $ 1.30
  • 1inch1inch (1INCH) $ 0.433516
  • xdce-crowd-saleXDC Network (XDC) $ 0.034954
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000092
  • kavaKava (KAVA) $ 0.463672
  • true-usdTrueUSD (TUSD) $ 0.997045
  • illuviumIlluvium (ILV) $ 74.01
  • nervos-networkNervos Network (CKB) $ 0.010913
  • theta-fuelTheta Fuel (TFUEL) $ 0.071355
  • stader-ethxStader ETHx (ETHX) $ 3,654.25
  • axelarAxelar (AXL) $ 0.660981
  • blurBlur (BLUR) $ 0.267271
  • curve-dao-tokenCurve DAO (CRV) $ 0.353699
  • constitutiondaoConstitutionDAO (PEOPLE) $ 0.087097
  • iotexIoTeX (IOTX) $ 0.046360
  • bitcoin-goldBitcoin Gold (BTG) $ 24.62
  • pax-goldPAX Gold (PAXG) $ 2,315.99
  • apenftAPENFT (NFT) $ 0.00000043
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.02
  • corgiaiCorgiAI (CORGIAI) $ 0.001233
  • magaMAGA (TRUMP) $ 9.03
  • aevo-exchangeAevo (AEVO) $ 0.494506
  • woo-networkWOO (WOO) $ 0.217757
  • pepecoin-2PepeCoin (PEPECOIN) $ 3.51
  • echelon-primeEchelon Prime (PRIME) $ 9.94
  • usdbUSDB (USDB) $ 1.00
  • paypal-usdPayPal USD (PYUSD) $ 0.998667
  • compound-ethercETH (CETH) $ 71.43
  • raydiumRaydium (RAY) $ 1.52
  • astarAstar (ASTR) $ 0.069512
  • ether-fiEther.fi (ETHFI) $ 3.43
  • wemix-tokenWEMIX (WEMIX) $ 1.08
  • arkhamArkham (ARKM) $ 1.68
  • dydxdYdX (ETHDYDX) $ 1.44
  • aerodrome-financeAerodrome Finance (AERO) $ 0.776946
  • ioio.net (IO) $ 4.03
  • golemGolem (GLM) $ 0.375156
  • memecoin-2Memecoin (MEME) $ 0.018214
  • kusamaKusama (KSM) $ 24.43
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.004182
  • mx-tokenMX (MX) $ 3.74
  • safepalSafePal (SFP) $ 0.779159
  • aragonAragon (ANT) $ 9.00
  • osmosisOsmosis (OSMO) $ 0.540616
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000017
  • polymeshPolymesh (POLYX) $ 0.338590
  • ocean-protocolOcean Protocol (OCEAN) $ 0.547839
  • stepnGMT (GMT) $ 0.163626
  • radixRadix (XRD) $ 0.032923
  • compound-governance-tokenCompound (COMP) $ 50.04
  • manta-networkManta Network (MANTA) $ 1.04
  • mog-coinMog Coin (MOG) $ 0.00000092
  • compound-wrapped-btccWBTC (CWBTC) $ 1,314.73
  • zilliqaZilliqa (ZIL) $ 0.017495
  • holotokenHolo (HOT) $ 0.001811
  • celoCelo (CELO) $ 0.592860
  • superfarmSuperVerse (SUPER) $ 0.703842
  • zcashZcash (ZEC) $ 20.90
  • metis-tokenMetis (METIS) $ 55.17
  • convex-financeConvex Finance (CVX) $ 3.85
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,686.83

Internet Computer (ICP) Losing This Support Could Send It Below $10  

0 19

Internet Computer (ICP) price is in the deep end of the pool of altcoins, and the outlook is bearish.

The altcoin could form a six-month low if it loses this crucial support established earlier this year.

Internet Computer Investors Turn Skeptical

The ICP price fell victim to the broader market’s bearishness, dropping the altcoin to $10.84. This provoked a strong reaction from ICP holders, who pulled back and changed their tone and behavior entirely.

The Chaikin Money Flow (CMF) indicator shows this change in its downtick below the uptrend line. The CMF indicator measures the accumulation and distribution of an asset over a specified period, using both price and volume to gauge buying and selling pressure.

It ranges between +1 and -1, where values above zero indicate buying pressure and values below zero indicate selling pressure.

In the case of ICP, the indicator noted an uptrend, but the weekend drawdown resulted in CMF falling below the line. This led to a failed breach of the zero line, suggesting the selling pressure is rising.

Internet Computer (ICP) Losing This Support Could Send It Below $10  

ICP CMF. Source: TradingView

Furthermore, traders are taking a step back in the futures market, too. Open Interest has observed a sharp decline in the past few days. Open interest refers to the total number of outstanding derivative contracts, such as options or futures, that have not been settled.

It provides insight into the market’s liquidity and the strength of price trends, with rising open interest often indicating increasing market participation. However, since ICP, OI has dropped by $15 million in barely three days.

Internet Computer (ICP) Losing This Support Could Send It Below $10  

ICP Open Interest. Source: Coinglass

Currently standing at $56 million, Internet Computer investors seem unsure of a positive future for the altcoin.

ICP Price Prediction: A Drawdown at Hand

ICP price trading at $10.84 tests the critical support of $10.83. This support floor has been unbroken since January this year despite five attempts. Thus, a dip below it would mark a six-month low for the crypto asset.

As a result, the ICP price could slip to test $10, and a more intense bearish atmosphere could send it below $10 to test $9 as support.

Internet Computer (ICP) Losing This Support Could Send It Below $10  

ICP Price Analysis. Source: TradingView

But since the altcoin has prevented a drop below this line in the past, it could do the same again. A bounce back would send ICP towards $12, and breaching $12.9 would invalidate the bearish thesis.

Source

Leave A Reply

Your email address will not be published.