ICP Bulls Ready to Charge: Positive Signs Amid Market Dip

• ICP’s bearish trend persists, but rising trade volume signals a possible recovery.
• Coppock Curve signals the potential for further ICP price drops.
• MACD line suggests the possibility of a positive price rebound.

Despite a bullish start to the day, negative pressure persisted, effectively pushing the Internet Computer (ICP) price down to a session low of $5.92. The bears have seized control of the market, and the ICP is now trading at $5.95, down 2.82% from its high of $6.20.

The 2.83% drop in market capitalization to $1,732,128,858 illustrates the current adverse attitude and may weigh on the price soon. However, irrespective volatile market, the 24-hour trading volume increased by 12.36% to $46,709,815. This spike suggests that investors are still actively investing in the market and that a possible comeback is still feasible.

The descending Bull Bear Power (BBP) rating of -0.16 shown in the ICP price chart suggests that the market is now bearish. This trend points to investors liquidating their assets, most likely because of pessimism about the market’s prospects.

Yet, the rising number of trades s…

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