Blockchain

Internet Computer Price Prediction: ICP Rises 35% as This GambleFi Rookie Takes the Online Casino Industry by Storm

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Internet Computer prices have risen 35% in the past 24 hours, trading at $13.403 as of 5:15 a.m. ET, with volume up 375%.

In a tearful end to the year, ICP prices decoupled from the broader market trend, with the top 10 cryptocurrencies posting single-digit gains.

This surge comes as a 4-hour bullish pennant technical formation is running, with analyst @ZAYKCharts predicting a 20-30% bullish wave.

Meanwhile, a hard pump saw the Internet Protocol price break months of resistance in the space of three hours and flip the $11.612 barrier into support.

Internet Computer Pricing: Driving Force

In addition to bullish pennant runs, another driver of Internet computer prices is the broader trend of decentralization and Web3.

As companies like Microsoft advocate for decentralization and blockchain-centric initiatives, the attention of investors and developers has shifted to platforms like ICP, which have shown interest in revolutionizing online computing in the decentralized space.

Internet Computer Price Outlook As ICP Pumps Hard

Internet computer prices boasting long green candles on a three-day basis still have some upside potential. Evidence for this is that the Relative Strength Index (RSI) is tilted northward, suggesting that buying pressure is still increasing.

Bulls have also established a dominant presence in the ICP market, as evidenced by the presence of several green histogram bars in the Awesome Oscillator (AO) and Moving Average Convergence Divergence (MACD) indicators, the volume of which continues to increase in positive territory. .

Increasing buying pressure beyond current levels could push Internet computer prices past the psychological $14,000 level. Further north, ICP price may extend towards the $15.238 resistance level. In very optimistic cases, profits could exceed the $16,000 psychological level and beyond.

ICP priceICP price
TradingView: ICP/USDT 3-day chart

However, based on the RSI position of 83, ICP is already massively overbought, meaning a correction may be in progress. Once profit booking begins, the Internet Computer price may fall and lose the $11.612 support.

As seller momentum strengthens, ICP price may expand to cross the $8.766 support and gather buy-side liquidity underneath. However, for the bullish outlook to be invalidated, the price would need to break below the $7.224 support level and close.

Meanwhile, attention has shifted to the Telegram Casino project as TGC takes the stage as analysts’ top choice for the best cryptocurrency ICO with the potential to deliver high returns in 2024.

A promising alternative to ICP

TGC is the native cryptocurrency of the TG.Casino ecosystem, the exclusive venue for online cryptocurrency gambling. This is more than just a casino, it is positioning itself as an ecosystem that leverages $TGC to give back to players through ongoing rewards. Notably, the pre-sale for this project ended a few days ago with $5 million raised.

With this closure, TG.Casino will launch on January 4, 2024. Refer a friend and earn 10% commission for every referral you invite.

The project has a 10,000 TGC giveaway and will continue until launch date. To participate, follow these three simple steps and join the community before January 4th.

Start the year off to the best of your ability by moving up your launch date.

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