Internet Computer Price Prediction: 2024, 2025, 2030

ICP price prediction: Key highlights

1. Primary support and resistance levels

• The weekly time frame's highest resistance level was marked at $16.0.
• Meanwhile, the lowest support level was observed at $2.8. 

2. Market sentiment

• The dominant trend in the market is observed to be bearish in September 2024.

3. Predictive forecasts

• Our AI/ML algorithms predict ICP's average price to increase to $18 by 2028 and $40 by 2035.

Stay updated on ICP’s prospects via a detailed weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

ICP technical analysis: Can bulls reverse the market trend?

ICP experienced a predominantly bearish trend throughout most of 2023. However, the recent ups and downs prompt a closer look at the Internet Computer price prediction for 2024.

Starting September 2023, ICP buyers were relatively weak, as evidenced by dominant red candles. This prompted a decline to the lowest price floor at $2.8 mid-month.

The low was a catalyst for the bulls, who launched a more effective rally in October. This momentum carried into the following months as the altcoin moved past significant barriers to reach the peak resistance of $16.0 in January.

The test caused a slight retracement to $11.0, triggered by the asset’s overvaluation. Nevertheless, the uptrend resumed by the end of the month. After a retest of the highest barrier in March, the asset surged over this threshold by month’s end to go as high as $20.9.
 

As the broader market bled in Q2 2024, so did ICP. A substantial drop drove it back to $11.0. This level became a constant target for sellers as the price struggled to stay above it. Consequently, ICP dropped below this level in June.

Intense selling pressure brought it to a low of $6.7 in July. This was followed by a swift rally aimed at reclaiming $11.0. However, the attempt faltered after exceeding $9.4, and the asset returned to the former low in August.

The price uptick in the month’s latter half was unsustainable, pulling ICP back to $6.7 in the following month. Nonetheless, the price recovered by the second week of September. As the analysis concluded, ICP exchanged hands at $8.3. 
 

AMBCrypto noted that alongside ICP's price rise, its social metrics improved. Despite this, the long/short ratio favored the bears. Moreover, the fear and greed index’s positioning in greed suggested potential price corrections.

If bulls maintain control, breaking past the $9.4 mark will be crucial, though reaching this point may trigger increased liquidations and a potential drop to the current support. Meanwhile, a further drop to $4.5 or the yearly low remains a possible outcome. 

Should ICP's upward trend persist, it might soon revisit $11.0. A move above the yearly high peak can put $17.0 next on the buyers’ radar. Crossing above it could set the stage for aiming at more ambitious bullish targets.
 

The prediction models project modest growth for ICP, with an average price of $18 by 2028. By 2035, the average price can soar to $40. This outlook hinges on market dynamics, investor sentiment, and broader economic factors influencing the cryptocurrency market.

ICP's 2024 roadmap: Key indicators to watch and trade

• The trading volume recovered from October. After surging with the December price pump, it dropped again in mid-January. Despite the following rally, the volume rose briefly before returning to its low state, highlighting a lack of investor conviction.
• The Moving Average Convergence Divergence (MACD) line moved over the signal line in mid-October. It turned positive in December, and the signal line followed suit by mid-month. This ascension was reversed in April as the MACD line declined, forming a bearish crossover. 
• Moreover, the MACD and the signal line dropped below the zero line by late June and late July, respectively. The latest recorded values were the MACD at -0.947, the signal line at -0.742, and the histogram at -0.204, highlighting a downtrend.
• The Bollinger Bands had contracted since the start of the analysis period. By late October, the price flipped the 20-week Moving Average (MA) into support. It frequently crossed the upper band between December and January and late March and April, triggering an expansion.
• This bullish phase waned by late April when the price dipped below the 20 MA, causing the bands to contract again. However, the price’s contact with the lower band from mid-June to early July reversed the contraction. At press time, volatility appeared to decrease again amid an uptick in buying pressure.