The Internet Computer (ICP) has taken the crypto market by storm, with a four-week surge that has catapulted its value to an impressive high of $16.30.
This surge has been spectacular, with a parabolic trajectory displaying decisive breakouts from key resistance levels, indicating a significant shift in market dynamics.
The break from a long horizontal resistance zone that had persisted since April 2022 has been the most notable feature of ICP’s recent performance.
This zone had kept the price in check, posing a difficult barrier to further upward movement. However, in a remarkable turn of events, ICP overcame this resistance, signaling a watershed moment for crypto.
ICP demonstrated notable resilience during the preceding phase by establishing two lower lows, one in November 2022 and another in October 2023.
This resilience demonstrated ICP’s determination to overcome obstacles and gain momentum, laying the groundwork for the recent surge.
Judith Faith has been writing about cryptocurrencies and blockchain technology for over five years. She is well versed in the industry and has an extensive network of industry contacts. She is also a frequent contributor to various cryptocurrency publications. With her vast knowledge and experience, she is able to provide insightful and valuable content to her readers. Judith is also an active investor in the cryptocurrency space and has a vested interest in the success of the industry.