{"id":214507,"date":"2023-12-18T01:06:31","date_gmt":"2023-12-17T19:36:31","guid":{"rendered":"https:\/\/dripp.zone\/news\/internet-computer-price-hits-new-yearly-high-after-120-weekly-gain-whats-next-crypto-news\/"},"modified":"2023-12-18T01:06:35","modified_gmt":"2023-12-17T19:36:35","slug":"internet-computer-price-hits-new-yearly-high-after-120-weekly-gain-whats-next-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/internet-computer-price-hits-new-yearly-high-after-120-weekly-gain-whats-next-crypto-news\/","title":{"rendered":"Internet Computer Price Hits New Yearly High After 120% Weekly Gain, What&#8217;s Next? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-169803\">\n<p>\nA high momentum breakout from the $9.8 hints Internet Computer price could prolong the ongoing rally.\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1200\" height=\"681\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/ZAsLLv91-e1702841346737.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"ICP price\" decoding=\"async\" fetchpriority=\"high\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">  Published 14 seconds ago <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">Defying the current market uncertainty, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/internet-computer-icp\/\">Internet Computer price<\/a> stood out as the highest gainer of the week, with six consecutive green candles in the daily time. From the December 12th low of $5.27, the coin price surged nearly 120% to reach a new yearly high of $11.25. Amid this rally, coin price has breached some crucial resistances offering buyers an opportunity to prolong recovery.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/bloomberg-strategist-says-gold-may-outshine-bitcoin-btc-in-2024\/\">Bloomberg Strategist Says Gold May Outshine Bitcoin (BTC) in 2024<\/a><\/p>\n<h2><b>Is the Internet Computer Price Ready to Hit $15?<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A bullish breakout from the wedge pattern is an early sign of trend reversal<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Relative Strength Index at the overbought region indicates a possibility of bearish correction<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The intraday trading volume in ICP is $616.2 Million, indicating a 11.8% loss<\/span><\/li>\n<\/ul>\n<figure style=\"width: 1946px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Internet Computer Price\" width=\"1946\" height=\"1105\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/z\/ZAsLLv91.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/z\/ZAsLLv91.png\" alt=\"Internet Computer Price\" width=\"1946\" height=\"1105\"\/><\/noscript><figcaption class=\"wp-caption-text\">Internet Computer Price| TradingView Chart<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Amid the broader market bullish sentiment, the ICP price has been on a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/top-altcoins-to-buy-in-december-15-bonk-bonk-internet-computer-icp\/\">recovery trend<\/a> since mid-October. However, this rally picked up actual momentum from December 13th, when the price breached the 16-month-long trendline.\u00a0<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400;\">Another news that has likely contributed to the strong inflow of buying pressure is a strategic partnership of Internet Computer with the Gaudi Knowledge Association and The Moon Labs for the Web3 projects.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">By the press time, the Internet Computer Price trades at $11.08, projecting a 274% gain in the past two months. Amid this rally, the buyers have reclaimed some crucial resistance such as $7.25, $8.28, and most recently $9.8.\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">With a significant surge in volume, the price behavior reflects no weakness and a high potential for a rally. If the ICP price shows sustainability above the breached $9.8 barrier, the buyers could chase the next potential targets of $11.4, followed by $14.6.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2><b>Key Levels to Watch<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">While the market\u2019s current outlook for Internet Computer is strongly bullish, such aggressive buying is only possible with some key development or news. Thus, this altcoin may soon witness a pullback to stabilize the price behavior. If the ICP price forms a top at $11.9, the Fibonacci retracement tool indicates suitable support at $9.83, $8.28, or $7.25, coinciding with 23.6%, 38.6%, and 50% FIB levels, respectively.<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b>Exponential Moving Average: <\/b><span style=\"font-weight: 400;\">A bullish crossover between the 100-and-200-day <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/exponential-moving-average-how-to-leverage-it-in-crypto-market\/\">EMA<\/a> boasts buying pressure in the market.<\/span><\/li>\n<li aria-level=\"1\"><b>Relative Strength Index: <\/b><span style=\"font-weight: 400;\">The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/rsi-relative-strength-index\/\">RSI<\/a> slope at 91% reflects an aggressive buying and early sign of overbought assets.<\/span><\/li>\n<\/ul><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/internet-computer-price-hits-yearly-high-after-120-gain\/&#038;text=Internet Computer Price Hits New Yearly High After 120% Weekly Gain, What\u2019s Next?\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/internet-computer-price-hits-yearly-high-after-120-gain\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/internet-computer-price-hits-yearly-high-after-120-gain\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/internet-computer-price-hits-yearly-high-after-120-gain\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA169803\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD169803\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A high momentum breakout from the $9.8 hints Internet Computer price could prolong the ongoing rally. Published 14 seconds ago Defying the current market uncertainty, the Internet Computer price stood out as the highest gainer of the week, with six consecutive green candles in the daily time. From the December 12th low of $5.27, the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":214508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-214507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/214507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=214507"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/214507\/revisions"}],"predecessor-version":[{"id":214509,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/214507\/revisions\/214509"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/214508"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=214507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=214507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=214507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}