ICP’s Bullish Surge Faces Strong Resistance as Momentum Fades

• ICP’s bullish surge faces resistance at $3.39, signaling a potential reversal.
• Increasing volatility and fading momentum hint at an ICP price downturn.
• CMF is close to zero, and weakening TSI highlights waning buying pressure for ICP.

Bullish momentum has prevailed in the Internet Computer (ICP) in the previous 24 hours after support at $3.27 was established. Despite the bullish momentum, the ICP intra-day high of $3.39 remained too strong for buyers to overcome.

ICP traded at $3.32 at press time, slightly retreating from previous highs. This present price level shows that there is still a hurdle to overcome before establishing a prolonged rising trend.

During the bull run, ICP’s market capitalization and 24-hour trading volume increased by 0.43% and 38.26%, respectively, to $1,469,922,257 and $17,775,377. This increase in market valuation and trade volume shows investors are keen on ICP. However, the bull’s failure to break over the $3.39 resistance level signals that selling pressure is coming.

The expansion of Bollinger bands on the ICP 4-hour price chart indicates higher volatility in the ICP m…

The post ICP’s Bullish Surge Faces Strong Resistance as Momentum Fades appeared first on Coin Edition.