Internet Computer (ICP) Price Prediction 2023 — Will ICP Hit $15 Soon?

Internet Computer (ICP) Price Prediction 2022 - Will ICP Hit $30 Soon?
  • Bullish ICP price prediction is $5.852 to $14.122.
  • Internet Computer (ICP) price might also reach $15 soon.
  • Bearish ICP price prediction for 2023 is $3.400.

In Internet Computer (ICP) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about ICP to analyze the future movement of the cryptocurrency.

Internet Computer (ICP) Current Market Status

Current Price $4.05
24 – hour trading volume $33,651,734
24 – hour price change 1.4% up
Circulating supply 279,173,498
All – Time High $700.65 (On May 10, 2021) 
ICP Current Market Status (source: CoinGecko)

What is Internet Computer (ICP)?

The Internet Computer is the fastest and only infinitely scalable general-purpose blockchain. It also represents the third major blockchain innovation, alongside Bitcoin and Ethereum. The Internet Computer was incubated and launched by the DFINITY Foundation. The basic idea of ICP is to create a new kind of decentralized internet and global computing system, where independent data centers all over the world could join together to create an alternative to the cloud services that power most of the current internet.

The internet Computer attempts to offer a fundamental alternative so that developers can build, host, and serve applications in a more decentralized way allowing websites to be deployed directly onto the public internet.

Internet Computer (ICP) Price Prediction 2023

Internet Computer (ICP) holds the 38th position on CoinGecko right now. ICP price prediction 2023 is explained below with a daily time frame.

ICP /USDT Falling Wedge Pattern (Source: Tradingview)

The above chart of ICP laid out a falling wedge.In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal. 

This pattern indicates a breakout in the price trend towards an upswing.From the above chart, we can interpret that the momentum of the downtrend is slowing down.

Currently, Internet Computer (ICP) is in the range of $4.05. If the pattern continues, the price of ICP might reach the resistance levels of  $5.729, and $9.716. If the trend reverses, then the price of ICP may fall to $3.531.

Internet Computer (ICP) Support and Resistance Levels

The chart below shows the support and resistance levels of Internet Computer  (ICP).

ICP /USDT Support and Resistance Levels (Source: Tradingview)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Internet Computer  (ICP).

Resistance Level 1$5.852
Resistance Level 2$9.961
Resistance Level 3$14.122
Support Level$3.400
ICP /USDT Support and Resistance Levels

The charts show that Internet Computer (ICP) has performed a bullish trend over the past month. If this trend continues, ICP might run along with the bulls overtaking its resistance level at $14.122.

Accordingly, if the investors turn against crypto, the price of Internet Computer (ICP) might plummet to almost $3,400, a bearish signal.

Internet Computer (ICP) Price Prediction 2023 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Internet Computer (ICP) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of ICP lies below the cutoff line, indicating weak participants in the current trend.

ICP /USDT RVOL, MA, RSI (Source: Tradingview)

Also, the Moving Average (MA) of Internet Computer (ICP) is shown in the chart above. Notably,  Internet Computer (ICP) price lies below 50 MA (short-term), so it is in a downtrend. Currently, ICP has entered a bearish state. Therefore, there is a possibility of a reversal trend of ICP at any time.

Meanwhile, the relative strength index (RSI) of the ICP is 51.61. This means that the Internet Computer (ICP) is in an neither oversold nor overbought state. However, this means a major price reversal of ICP may occur in the upcoming days. So, traders need to trade carefully. 

Internet Computer (ICP) Price Prediction 2023 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of Internet Computer (ICP). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

ICP /USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of Internet Computer (ICP). Currently, the ADX of ICP lies in the range of 38.395 and thus, it indicates a strong trend. 

The above chart also represents the Relative Volatility Index (RVI) of Internet Computer (ICP). RVI measures the constant deviation of price changes over a period of time. The RVI of ICP lies above 50, indicating high volatility. In fact, the RSI of Internet Computer (ICP) is at 51.61 thus confirming a potential sell signal.

Comparison of ICP with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Internet Computer  (ICP).

BTC Vs ETH Vs ICP  Price Comparison (Source: Tradingview)

From the above chart, we can interpret that the price actions of BTC and ETH are similar to ICP. This indicates that when the price of BTC and  ETH increases or decreases, the price of ICP also increases or decreases respectively.

Internet Computer (ICP) Price Prediction 2024-2030

Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of Internet Computer (ICP) between 2024 and 2030.

Internet Computer (ICP) Price Prediction 2024

With several upgrades in the network, Internet Computer (ICP) might enter a bullish trajectory. If the coin grabs the attention of major investors, ICP might rally to hit $20 by 2024. 

Internet Computer (ICP) Price Prediction 2025

If Internet Computer (ICP) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, ICP would rally to hit $25.

Internet Computer (ICP) Price Prediction 2026

If Internet Computer (ICP) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, ICP would rally to hit $30

Internet Computer (ICP) Price Prediction 2027

If Internet Computer (ICP) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, ICP would rally to hit $35.

Internet Computer (ICP) Price Prediction 2028

Internet Computer (ICP) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, ICP would hit $40 in 2028.

Internet Computer (ICP) Price Prediction 2029

If investors flock in and continue to place their bets on Internet Computer (ICP), it would witness major spikes. ICP might hit $45 by 2029.

Internet Computer (ICP) Price Prediction 2030

With greater advancements in the Internet Computer ecosystem, the crypto community might continue to invest in ICP for the next 8 years and drive significant price rallies for the token. Hence, Internet Computer (ICP) might hit $50 by 2030.

Conclusion

With continuous improvements in the Internet Computer network, we can say that 2023 is a good year for ICP. For this reason, the bullish price prediction of Internet Computer (ICP) in 2023 is $14.122. On the other hand, the bearish price prediction of Internet Computer (ICP) price prediction for 2023 is $3.400.

Furthermore, with the advancements and upgrades to the Internet Computer ecosystem, the performance of ICP would help to reach above its current all-time high (ATH) of $700.65 very soon. But, it might also reach $15 if the investors believe that ICP is a good investment in 2023.

FAQ

1. What is Internet Computer (ICP)?

The Internet Computer is the fastest and only infinitely scalable general-purpose blockchain.

2. Where can you purchase Internet Computer (ICP)?

Internet Computer (ICP) has been listed on many crypto exchanges which include  Binance, Coinbase Exchange, OKX, Gate.io, DigiFinex and WhiteBIT. 

3. Will Internet Computer (ICP) reach a new ATH soon?

With the ongoing developments and upgrades within the Internet Computer  platform, Internet Computer  (ICP) has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Internet Computer  (ICP)?

On May 10, 2021, Internet Computer  (ICP) reached its new all-time high (ATH) of $700.65.

5. Is Internet Computer (ICP) a good investment in 2023?

Internet Computer  (ICP) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Internet Computer in the past few months, ICP is considered a good investment in 2023.

6. Can Internet Computer (ICP) reach $15?

Internet Computer  (ICP) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Internet Computer (ICP) will hit $15 soon.

7. What will be the Internet Computer (ICP) price by 2024?

Internet Computer (ICP) price is expected to reach $20 by 2024.

8. What will be Internet Computer (ICP) price by 2025?

Internet Computer (ICP) price is expected to reach $25 by 2025.

9. What will be Internet Computer (ICP) price by 2026?

Internet Computer (ICP) price is expected to reach $30 by 2026.

10. What will be Internet Computer (ICP) price by 2027?

Internet Computer (ICP) price is expected to reach $35 by 2027.

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

A devoted content specialist who is inquisitive on exploring crypto and blockchain technology. She is fond of providing innovative contents that tugged her to write for NewsCrypto.