Internet Computer (ICP) has outperformed all crypto assets in the last 7 days – Where will the uptrend go next?

4 months ago 113
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2022 has started connected the close ft for Internet Computer (ICP). Although sentiment successful broader crypto is inactive sluggish, ICP has been surging. The coin has successful information outperformed each crypto assets successful the past 7 days, gaining astir 50% successful value. But wherever volition this uptrend instrumentality it? Analysis to travel beneath but first, cheque retired the highlights:

  • The 7-day surge has seen Internet Computer (ICP) rally 70% supra its lowest terms seen successful December 2021.

  • At the clip of writing, the coin was selling for $36.12, up 5% successful intraday trading and with a marketplace headdress of $6.7 billion.

  • Internet Computer (ICP) is 1 of the newer blockchain projects launched successful May 2021.

Data Source: Tradingview.com

Internet Computer (ICP) – Price enactment and analysis

The past 7 days person been bullish successful each mode for ICP. Every method indicator is affirmative close present too. For starters, the coin has surged good beyond its 25- and 50-day moving averages. 

ICP has besides smashed past its $30 resistance, and existent momentum volition easy instrumentality it supra $40 successful the days ahead. 

The Relative Strength Index (RSI) besides shows a precise affirmative reading. We bash not spot a batch of headwinds close now. Besides, arsenic sentiment successful the broader marketplace improves, ICP is apt to besides spot much gains.

Why you should bargain Internet Computer (ICP)

Since launching successful May 2021, Internet Computer (ICP) has gone connected to go 1 of the astir invaluable crypto projects successful the world. The blockchain is besides starting to physique up its ecosystem with respective high-profile DApps. 

It has ever been a bully semipermanent bet, particularly for the benignant of capitalist keen connected alternatives to accepted blockchains. The caller 50% 7-day uptrend is the clearest denotation that ICP is headed for superb returns successful 2022 and beyond.

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