However, with investors anticipating Uptober’, there might still be room for investors to squeeze in some gains as the month ends. Rejection At $9.90 Might Force Investors Below $9.23 As of writing, ICP’s upward trajectory is threatened by a rejection by the $9.90 resistance level which might force the token well below $9.23 if the sentiment reversal continues to strengthen.Considering that the $9.23 support level is quite weak, the bearish thesis holds a lot of weight on the portfolios of investors. ICP’s current trajectory started at the start of August and continued to mature and develop over the month.
According to the latest market data, the token is up 16% since last week, a confirmation for some that ICP will continue to trend upward in the coming days. Related Reading: XRP Set To Soar Nearly 900% To $31, Analyst Highlights Key Resistance Despite the market’s undeniable bullishness, a reversal might be forming in the coming days, threatening this month’s gains.
Although it seems that this drive will be continuous, experiencing only a couple of dips here and there, the current rejection coupled with the market’s dip today, the token might be on the path of losses in the coming days. The relative strength index (RSI) is also signaling that ICP bulls will hit their threshold in the coming days, which will lead to the token suffering a pullback.
The story "Internet Computer (ICP) Continues Upward Trajectory With 16% Rally" has 474 words across 66 sentences, which will take approximately 2 - 4 minutes for the average person to read.
Which news outlet covered this story?
The story "Internet Computer (ICP) Continues Upward Trajectory With 16% Rally" was covered 12 hours ago by NewsBTC, a news publisher based in United Kingdom.
How trustworthy is 'NewsBTC' news outlet?
NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United Kingdom and publishes an average of 6 news stories per day.
It's most recent story was published 10 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
