Internet Computer (ICP) is currently trading at $4.763, which is reflecting a 99% decline from its all-time high of over $400. Despite the increased on-chain activity and development, ICP price struggles to recover from the fall due to its declining total value locked (TVL). However, its recent development in AI integration and decentralized applications has sparked investors’ interest, suggesting potential growth. Let’s analyze the last 24 performances of ICP to find which will be the right time to buy it.
ICP Dives to $4.782 – April 21, 2025
On April 21, 2025, ICP’s trading day kicked off with notable price action within the trading range. During the early trading session, ICP exhibited an upward trajectory, which demonstrated a strong bullish wave. But at 00:30, ICP encountered an RSI Overbought situation, indicating a trend reversal. Likely, at 00:35, ICP resisted at $4.970 and began to experience a short-term fall. A Death Cross on MACD at 01:25 UTC affirmed this short downtrend. Subsequently, at 04:30 UTC, ICP found support at $4.970 and began to move upside. A Golden Cross on MACD at 05:10 UTC asserted this uptrend.
At 08:25 UTC, ICP encountered an RSI Overbought situation, indicating potential downtrend. As expected, at 08:50 UTC, a pin bar, followed by a full-body red candle, signaled the downtrend. Likely, ICP resisted at $5.010, began to fall, and kept fluctuating within the moderate trading range. At 15:05 UTC, ICP began to experience a sharp fall, broke the support at $4.822, breached a breakout, and dropped to $4.784. A Death Cross on MACD at 15:10 UTC affirmed this downtime. At 18:10 UTC, ICP found support at $4.784, pulled back, and resisted at $4.848.
A Death Cross on MACD at 21:05 UTC signaled a potential downtrend. Likely, at 21:15, resisted at $4.848, began to fall, broke the support at $4.784, and closed at $4.774.
ICP Steep Decline to $4.636 – April 22, 2025
As illustrated in Chart 1, on April 22, 2025, ICP’s trading day began with a sharp fall, demonstrating a strong bearish momentum. At 00:25 UTC, ICP encountered an RSI Oversold situation, indicating a potential uptrend. Likely, ICP found support at $4.71 and began to move on upside. A Golden Cross on MACD at 01:00 asserted this uptrend. But at 01:35 UTC, a pin bar, followed by a full-body red candle, signaled a potential downtime. Likely, ICP price resisted at $4.812, began to fall, broke the support at $4.716, breached a breakout, and dropped to $4.636. A Death Cross on MACD at 02:00 UTC asserted this downtrend.
Conversely, at 06:10 UTC, ICP price movement encountered an RSI Oversold situation, indicating the potential trend reversal. Likely, at 06:40 UTC, ICP found support at $4.636 and began to move up. A Golden Cross on MACD at 07:05 UTC confirmed this uptrend. Subsequently, at 07:35 UTC, ICP resisted at $4.749 and experienced a short downtime. But at 09:45 UTC, ICP found support at $4.657 and moved upward.
ICP’s Possible Scenario
Based on today’s price analysis, it is evident that ICP is experiencing a sharp shift. Currently, ICP is trading at $4.763. In a possible scenario, if the ICP price breaks the key resistance at $4.749, it could encounter a bullish wave. In case if it fails to break the resistance, it could encounter a further price decline. But, as Internet Computers (ICP) undergoes a development process with AI Integration, analysts anticipate that ICP could experience an upward trajectory!
Source: Coinfomania / Digpu NewsTex