The Internet Computer (ICP) is experiencing a bearish sentiment with significant short-term volatility. Currently priced at $8.15, technical indicators suggest it is a poor time to invest. The market sentiment remains cautious with a Fear & Greed Index of 30.
Short-Term Predictions
- 5-Day Prediction: $10.52 (29% increase)
- 1-Month Prediction: $26.58 (229.50% increase)
Long-Term Predictions
- 2025: Expected to trade between $8.07 and $38.31, potentially increasing by 369.14% from the current price.
- 2030: Forecasted to range from $20.55 to $33.32, implying a possible 308.04% gain.
| Year | Yearly Low | Yearly High |
|---|---|---|
| 2025 | $8.07 | $38.31 |
| 2026 | $6.72 | $21.50 |
| 2027 | $7.37 | $15.16 |
| 2028 | $10.91 | $25.81 |
| 2029 | $20.82 | $51.84 |
| 2030 | $20.55 | $33.32 |
Read: American Eagle Outfitters (AEO) Price Prediction
Technical Indicators
The 50-day and 200-day SMAs stand at $11.33 and $11.64, respectively, both indicating sell signals. The RSI of 30.20 suggests the market is neither overbought nor oversold, providing a neutral stance. However, with only 27% bullish indicators, the overall outlook remains bearish.
Historical Performance
ICP has seen a volatile history, with a 92.47% increase in the past year but a 33.95% drop in the last month. This indicates significant price fluctuations, which are reflected in its 15.41% volatility rate over the last 30 days.
Correlation with Other Cryptos
ICP shows a strong positive correlation with Mina Protocol (0.910) and Floki Inu (0.895), while negatively correlating with Toncoin (-0.343) and TRON (-0.314).
Read: Blumium Research (BLUM) Price Prediction
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