Internet Computer Price Prediction: 2024, 2025, 2030

ICP price prediction: Key highlights

1. Primary support and resistance levels

• An analysis of the weekly chart showcased the lowest support level for ICP to be at $2.87.
• Subsequently, the highest possible resistance is anticipated at around $38.

2. Market sentiment

• The overall market sentiment indicated that the market has been in a state of overvaluation during the month of March 2024.

3. Predictive forecasts

• Our AI/ML predictive models have projected ICP to have an average value of $693.17 by 2028. Additionally, the average value has soared further to reach $6281.06 by 2031.

Given below is a comprehensive weekly technical analysis of ICP, 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 charge through resistance?

The Internet Computer price prediction for 2024 carries a notably bullish sentiment, especially when reflecting on the token’s journey. During this period, ICP’s price trajectory underwent significant changes, outlining a dramatic turnaround from its earlier downtrend to a robust bullish rally.

The start of March 2023 saw ICP enduring a downtrend, leading to a touchpoint at the $4.49 mark. Though there was a semblance of bullish momentum, it was insufficient to alter the overarching bearish climate in the initial weeks. 
 

However, the onset of April marked the beginning of a notable bull run that momentarily pushed the prices above the $4.49 level. Yet, this increase was quickly rejected, and a subsequent downtrend followed, pressing the price below $4.49 by June.

From June to August, the market experienced a deadlock between buyers and sellers, maintaining the price test to overcome the $4.49 threshold, although it remained unsuccessful. However, bearish forces prevailed by August, and a strong downward momentum drove the price down to the $2.87 support level in September.

This low point was short-lived, as a vigorous and sustained bullish rally initiated at the start of October. Investor confidence seemed to swell, exerting upward pressure on the price. ICP experienced a considerable spike, breaking past the $4.49 resistance level by November. Attempts at price correction were swiftly overturned, and the value of ICP continued its ascent throughout December, reaching an impressive resistance level at $11.07.

Despite minor bearish activity, the momentum could not be curtailed. By the beginning of 2024, ICP had climbed even further to the $14.07 mark, signifying a striking appreciation in its market price. The period following January was marked by price consolidation, with ICP fluctuating between $11.07 and $14.07 as the market participants sought to establish a new price equilibrium.

The tussle between bullish and bearish sentiments persisted from February to March. However, the bulls ultimately demonstrated greater tenacity, breaching the $14.07 barrier and propelling the token to $20.84. This marked the highest resistance level recorded during the timeframe. At the time of writing, ICP was traded at $17.35. This reflected a solid upward trajectory and suggested continued optimism for the token’s future within the cryptocurrency market.
 

ICP’s current trajectory proclaims that the bullish rally might continue to soar further. This can be asserted by the fact that this token has witnessed over 28% appreciation in prices within the past week alone, according to CoinMarketCap. 

At this pace, ICP may successfully touch the $20 mark within no time. If the bulls persist with equal resilience, there is a possibility for the token to climb up to $38 — a significant resistance level that has remained untouched since 2022 within the next few months.
 

However, if the price faces rejection on its way to the $20 mark, it might establish support at the $14.07 mark again. If the bears take over, the price can plummet below this level and establish support at the $11.07 mark.

In terms of the long run, the path forward for ICP seems optimistic. Our AI/ML models have predicted a bullish future for ICP, with average prices surging as high as $693.17 by 2028. As AI tokens are gaining more popularity, ICP could also touch the average value of $6281.06 by 2031.

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

• The Relative Strength Index (RSI) remained below the neutral 50 line for a considerable amount of time until it showcased recovery around mid-October. This indicated a bullish momentum on the rise.
• By December, the RSI had surpassed the threshold of 70. Additionally, after minor fluctuation, it had been recorded at 72.78 at the time of writing. This suggested that ICP had been experiencing strong buying pressure, resulting in the asset being overvalued. Additionally, it also meant that a correction may be on the horizon.
• The On-Balance Volume (OBV) also mirrored the movement of the RSI, showcasing a major recovery from mid-October.
• At press time, the OBV continued to ascend and recorded a volume of 25.872 million, which further indicated the buyers were accumulating the asset. This showcased an active presence in the market.
• The trading volume was relatively lower throughout most parts of 2023 until it recovered in October. 
• A significantly high trading volume was observed during December, following which the consolidation occurred. Post this, the volume dipped slightly, yet not as low as it was before October 2023.