Internet Computer (ICP): Negative Divergence Threatens Further Decline
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The native token of the Internet Computer blockchain, ICP, has seen its price drop by 14% as the general market declines. Despite this, ICP's trading volume surged by over 110%, signaling active selling and hinting at further price decrease.
ICP's Aroon Down Line at 100% confirms a strong downtrend, indicating consistent new lows for the asset. This trend makes any immediate price reversal unlikely.
Moreover, ICP's Awesome Oscillator (AO) shows a bearish market momentum, with only red histogram bars below the zero line since July 23. This suggests that selling pressure dominates, risking further price drops to $6.31, the lowest since December 14.
Should market sentiment shift positively, increased demand could push the ICP price towards $0.23, but current indicators lean towards continued bearish momentum.
来源: beincrypto.com ↗
