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ICPUSD trade ideas

Internet Computer Protocol ($ICP) Surges 222% in a Month Internet Computer Protocol ( CRYPTOCAP:ICP ) has recently emerged as a standout performer, capturing the attention of investors with an impressive 222% gain in the last month. The native CRYPTOCAP:ICP cryptocurrency has not only demonstrated remarkable price surges but has also climbed the ranks to become the 17th largest cryptocurrency by market capitalization, surpassing the likes of Shiba Inu (SHIB). This surge is not just a flash in the pan; it appears to be backed by a combination of ambitious decentralization goals and strong fundamentals. Ambitious Decentralization Roadmap: CRYPTOCAP:ICP 's ascent is not solely tied to the volatility of Bitcoin; rather, it is driven by a comprehensive set of utilities and functionalities. At the core of CRYPTOCAP:ICP 's ecosystem is the Network Nervous System (NNS), functioning as the decentralized autonomous organization (DAO) for the Internet Computer blockchain. Users can actively participate in an open, permissionless governance system by staking CRYPTOCAP:ICP utility tokens in neurons. This innovative system allows participants to vote on proposals, shaping key decisions within the protocol. ICP's overarching goal is to transform blockchain infrastructure into a "world computer," enabling the decentralized operation of software and systems without relying on traditional IT backends. This aligns seamlessly with the broader trends of "web3," emphasizing decentralization as a cornerstone of the internet's future. Diving into the Nitty-Gritty: To understand the recent surge in ICP's value, it's essential to delve into the token's utilities. Beyond serving as a store of value, CRYPTOCAP:ICP holders can actively stake their tokens through the NNS, further contributing to the protocol's governance. The surge in interest is not just driven by speculative trading; it reflects a renewed enthusiasm for the internet's long-term vision and the transformative potential of blockchain technology. Price Action and Technical Analysis: The recent price action of ICP has been nothing short of remarkable. With a 70% surge in just the past week, ICP has outperformed expectations, even flipping Shiba Inu in market cap rankings. Chart signals, such as the constructive "U" bottom base, indicate bullish continuation potential. Crypto trader Flying High points to a positive breakout above $14 in the weekly market structure, with potential buying interest expected in the $10–11 zone during price dips. Conclusion As Internet Computer Protocol (ICP) continues to make waves in the cryptocurrency space, its recent price surges are not merely speculative hype. Grounded in a robust decentralization roadmap and driven by an innovative governance system, CRYPTOCAP:ICP stands at the forefront of blockchain's evolution toward becoming a "world computer." Investors and enthusiasts alike are closely watching the pivotal $20 level for confirmation of further gains, eager to see if ICP can sustain its upward trajectory and play a significant role in shaping the future of decentralized technologies.
COINBASE:ICPUSDLong
by DEXWireNews
ICP can head to $11.11 by maintaining support above pink channelWe can see its noticeably above the pink channel here. If it can maintain solidified support on the top trendline of the pink channel it should validate the breakout and it’s target will be $11.11 …currently we can see the other channel seen here is brown is still resistance at the moment but on the way to the target from the pink channel breakout we will need to also break above the brown channel and flip it to solid support too. Once we do, its breakout target is a little bit higher than the pink ones target so as we head to hit the pink channel breakout target, will likely also hit the slightly higher target of the brown channel breakout as well. *not financial advice*
COINBASE:ICPUSD
by DrDovetail
3
Bullish biased patterns ICPI am in the opinion that we are in a pre bull market in general in crypto, so im looking for bullish patterns. I spotted a so called "Descending broadening wedge" on the 6h chart. If this pattern were to play out we should reach between 13 - 14 dollars before the next local resistance level. The market isnt going to make it easy if you are a trader, thats why i dont play that game. Im invested/staked for the next year and a half. Im looking at charts just for fun. Its gona chop around and fake you out all of the time. If you think you are just going to buy at the bottom of a bear market with a 10 to 1 leverage and ride in to the sunset you are sadly mistaken. Thats why its so volatile, because they dont want some shmuck to buy with leverage and ruin their chart at a higher level. Why not just stop you out at the same level that you got in with high leverage and when the derivatives market shows a low level of longs then continue to the next level with the spot holders? Worse case for me is that we go down slightly below 8 and then pump, best case is we hold around 9- 10 for a wile and we just pump from here. Dont take anything i write seriously, i dont know what im talking about when it comes to charting.
COINBASE:ICPUSDLong
by BGMind_Control
1
ICP ConsolidationThe price action was kind of messy after the most recent peak. It’s currently shaping up to make another move higher, at least that’s what it looks like to me. I don’t follow the technology of ICP but I know it’s been extremely beaten down. My short term target is roughly $25 If it breaks through $25 and finds support on the downward facing channel, the move could be much higher. Although, it’s unlikely to break through only because it line up with some major resistance. So with that said, I’m taking everything off the table at that price point. That’s the type of trader I have molded into thanks to trading the crypto markets the past 5 years. I’m not saying this is the correct or only way to play this, I could obviously take half and wait and see. I might change how much I take depending on the speed of price movement. My targets are fixed on the downward channel and price and time are the only things that change. Nothing here is investment advice! I’m currently trading these thoughts of mine with real money.
COINBASE:ICPUSDLong
by MrScalpers
The importance of being StakedIf you pick a quality project like ICP and you buy it at the bottom of the bear market it is very important to be locked/ staked for the bull market, because when it pumps your monkey brain is always going to be thinking about trading it. I bet you there are a lot of people that are selling their ICP at 10 dollars right now that are going to regret it in a month or two. The huge return comes from the price point that you get in compared to the theoretical fair value in the bull market that you give the project. Not from trading it. The biggest risk is that you exit and it leaves you behind right now. My personal situation is this. My average price is 5 dollars. My thesis is that sometimes in 2025 we are going to reach the crypto cycle top. This coin will be worth between 200 and 400 dollars whenever we get to the top of the cycle in my opinion. This is what? Between 40 and 80x from my entry price. I dont need to trade it and to stress about it. If i make 40x im good. If i make 80x on it im even better. So chill and wait is the best thing to do in the bull market.
COINBASE:ICPUSDLong
by BGMind_Control
1
ICP- Where to buy/re-buy?In my recent post on COINBASE:ICPUSD , I posited that, subsequent to the breakout above the long-term falling wedge pattern, the price had the potential to experience a significant uptick, possibly resulting in a 100% increase. True to this projection, the price not only surpassed my initial $10 target but peaked at $12. Currently, the coin is undergoing a normal correction, presenting traders with a fresh opportunity to enter the market. My point of interest for this correction lies around $8, with a target set at the recent high of $12.
COINBASE:ICPUSDLong
by Mihai_Iacob
5
✴️ Internet Computer Repeating BottomPattern (Name Your Altcoin)Here we have a repeating pattern for the Internet Computer (ICPUSD) trading pair. The first thing to consider is the duration of the correction/bearish wave, since February until present which is a long time by any Cryptocurrency standard. The market moves in waves, waves within cycles... Regardless of a bearish or bullish cycle, we have down waves and up waves happening as a repeating pattern. EMA50 has been working as resistance. As EMA50 goes lower and lower, it becomes weaker and weaker. Once the price moves above this indicator, the chart is considered bullish. We can see ICPUSD now approaching this major inflection point in the coming days. We expect a bottom formation to be completed and this event followed by a bullish wave. The only variable is of time. This analysis can be extended, meaning, it can take weeks or months to happen but it will happen with 100% certainty if one can wait because, the market moves in cycles and within these cycles we have waves. We experienced a prolonged bearish wave and thus we are now going to enter a bullish phase. It is like the moon and the sun... It is impersonal, it happens daily like clockwork, they go "down" and "up". You can expect the Internet Computer eventually to grow. Pretty soon of course. Thanks a lot for your support. Namaste.

CRYPTO:ICPUSDLong
by MasterAnanda
9
ICP at this MC is a jokeLSE:ICP Is the first network that supports both BTC and ETH scaling solutions without using bridges. For the uninitiated in crypto, bridges are one of the biggest failure points when bridging assets from one network to another. They are usually slow and buggy and are targets for hackers. And ICP solved this problem singlehandedly by eliminating the need for them. The coins actually have value because they are integrated on a code level to have voting power over the things they vote on, while on other networks the so called voting coins are more like suggestions. 2.3 bill MC is a joke for this project. If you capture 2% of BTC and ETH MC as a layer 2 its a 10x from here. Not only that it has a million other use cases. This can go to 200 bill MC at the top of the bull easy. Ohh and i almost forgot to mention the 150+ people team of engineers that worked in big tech before they joined ICP. I locked my ICP until 2025 so i cant paper hand myself.
COINBASE:ICPUSDLong
by BGMind_Control
1