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The Internet Computer price is up 28% in the last week and 0.4% in the past 24 hours to trade for $8.8848 as of 00:04 a.m. EST on trading volume that jumped 20%.
There’s been assistance from tailwinds coming from the broader market rally, with the Bitcoin price back in the $62,000 range.
📰🚨 BREAKING:#BITCOIN RECLAIMS $62,000+
• recovering nearly all of July’s losses 🗓️— Kevin Svenson (@KevinSvenson_) July 15, 2024
There’s also support from positive sentiment around the expectation of possible spot Ethereum ETFs (exchange-traded funds) launches this week.
Welcome to spot eth ETF approval week…
I’m calling it.
Don’t know anything specific, just can’t come up w/ good reason for any further delay at this point.
Issuers ready for launch.
— Nate Geraci (@NateGeraci) July 14, 2024
Some say the Internet Computer price is primed for a massive rally during a coming bull run.
I believe that $ICP will shock the entire crypto space this bull run#ICP #altseason pic.twitter.com/LUOMzV58wZ
— STEPH IS CRYPTO (@Steph_iscrypto) July 14, 2024
Internet Computer Price Prediction
The Internet Computer price is attempting a recovery rally, with a series of higher highs over the last several days. As the ICP price controls the upper boundary of the bearish technical formation, the odds steadily lean in favor of the upside.
For starters, the Relative Strength Index (RSI) is above the mean level of 50 and is inclined to the north. The RSI position above the mean level of 50 shows that the ICP bulls continue to lead the market. Its northbound directional bias shows buying pressure continues to increase.
In the same way, the Moving Average Convergence Divergence (MACD) is above the signal line (orange band). This reinforces the RSI’s bullish outlook, indicating that buyer momentum exceeds selling pressure.
Increased buying pressure above current levels could see the Internet Computer price overcome resistance due to the upper boundary of the channel. A decisive candlestick close above this roadblock would pave the way for a further uptrend, with the Internet Computer price likely to extend the uptrend past the $10.00 psychological level.
Key levels to watch above the aforementioned blockade are $11.1253, $12.8428, and $16.2271. Supplier congestion levels have proven significant obstacles for the token in the past. A decisive candlestick close above them would, therefore, set the tone for a continuation of the uptrend.
GeckoTerminal: ICP/USD 1-day chart
On the other hand, a rejection from the upper boundary of the channel would see the Internet Computer price drop.
If the centerline of the channel fails to hold as a support floor, the correction could ensue. A lower low relative to the July 6 bottom of $5.8474 would confirm the continuation of the downtrend.
Meanwhile, YouTuber The Crypto Mark says the hot presale WienerAI (WAI), which has raised more than $7.4 million, is a good buy.
Promising Alternative To Internet Computer
WAI is the native cryptocurrency for the WienerAI ecosystem, a lovable, hilarious, and undeniably unique creation.
It operates as an ERC-20 token on the Ethereum blockchain, offering users seamless compatibility with a wide range of decentralized applications (dApps) and exchanges.
The project is committed to becoming the best and most powerful AI companion ever and will soon launch its trading bot. Token holders are set to enjoy predictive technology and a user-friendly interface to provide advice on when to buy and sell crypto.
This dog will lead the way in AI trading!
Join the WienerAI revolution and let’s trade smarter together 🛸🌭 pic.twitter.com/XGOrWNqppA
— WienerAI (@WienerDogAI) July 14, 2024
WAI has amassed a dedicated following, particularly among meme lovers and AI enthusiasts. This is seen with the number of followers on social media platform X, formerly Twitter, recording upwards of 15.2K.
Stake $WAI For A 152% APY
WAI investors can also stake their holdings for an Annual Percentage Yields (APY) of 152%. Over 6.825 billion WAI tokens have already been staked.
How staking your $WAI feels.https://t.co/g0LrikQz90 pic.twitter.com/3VneRo9wTq
— WienerAI (@WienerDogAI) May 9, 2024
The WienerAI team has just announced that its presale will end on July 31, meaning there is just 16 days left to clamber aboard one of the hottest presales of the year.
Don’t miss out!
WienerAI presale ends on July 31st. Secure your tokens now and join the trading revolution! 🌭🤖 pic.twitter.com/PyYEPwDtl2
— WienerAI (@WienerDogAI) July 10, 2024
Buy WAI tokens on the official website here.
Also Read:
PlayDoge (PLAY) – Newest ICO On BNB Chain
- 2D Virtual Doge Pet
- Play To Earn Meme Coin Fusion
- Staking & In-Game Token Rewards
- SolidProof Audited – playdoge.io
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