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Online computer price prediction as ICP eyes make a massive breakout above this key level

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ICP, the native token that powers the computer’s blockchain and can be used to build almost any online system or service, was the best performer in the cryptocurrency space on Wednesday. ICP/USD was the latest change near the $4.0 level, according to TradingView citing Coinbase data, after gaining about 4.5% on the day.

This brings ICP’s gains since last Monday’s low of $3.30 to around 19%. However, the cryptocurrency is still about 13% below previous monthly highs in the $4.60 region, with ICP still on track to end the year down about 84%. as a result of, price forecast Still not particularly optimistic.

ICP has been doing well in recent days. Source: TradingView

The most recent gathering of the ICP saw it return north at both 21 and 50 days Moving averages For the first time since early December. There doesn’t seem to be a clear piece of news or a new development behind ICP’s recent outperformance, and the fact that the cryptocurrency continues to post ugly losses over the course of the month and year suggests that traders probably shouldn’t read too much into intraday price movements.

The rest of this week is set to be quiet in the crypto and traditional markets amid a lack of Tier 1 data releases from the US and other major economies and amid low volumes as many traders took a holiday for Christmas. and year-end celebrations.

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Price Prediction – What’s next for ICP?

Despite being a compelling application of blockchain technology that a netcomputer claims can serve as the building block for the infrastructure to run a fully decentralized internet, ICP is still in a sticky downtrend that started since September 2021.

The long-term downward trend of ICP remains. Source: TradingView

However, the ICP is close to retesting this long-term downtrend and the bulls are hoping for a breakout that could inject some much needed medium-term bullish momentum into the price action. If the ICP can muster a decisive push to $4.30, that could be the catalyst for technical buying and covering short positions which could see the cryptocurrency quickly rally into the support-turned-resistance area around $4.7, which is also roughly where the 100 DMA resides. .

ICP bullish targets. Source: TradingView

The next target would be the support-turned-resistance area at $5.7, which is roughly where the 200DMA resides. Above that, the next big level is around $9.8. Of course, a rally above -9.0s would indicate a massive gain of 150% from current levels which is unlikely to happen without the help of a broader consolidation of the cryptocurrency markets.

Given that the US economy is clearly slowing but there is a slowdown No sign of the Fed’s dovish pivots Just for now, a major rally isn’t likely anytime soon. Unfortunately for the bears, that could mean that a retest of the recent yearly lows in the $3.40 region could be more likely than a significant rally.

Alternative currencies to consider

With the broader cryptocurrency markets underperforming in recent weeks, investors may be looking to diversify their holdings with pre-sale tokens of promising up and coming cryptocurrency projects.

FightOut (FGHT) – Pre-sale release

FightOut, an all-new move-to-earn (M2E) fitness app and gym chain seeking to bring a fitness lifestyle into web3, has opened pre-sales and investors believe the project can transform the existing web3 M2E landscape. Whereas existing M2E apps such as STEPN only track steps and require expensive non-fungible token (NFT) purchases to participate, FightOut takes a more holistic approach to tracking and rewarding its users for their exercise and activity, and requires no expensive purchases to participate.

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FightOut’s FGHT tokens are currently selling for 60.06 per 1 USDT, and interested investors are encouraged to move quickly to secure their tokens, as the pre-sale has already raised nearly $2.6 million in just a few days. FGHT is the token that will power the FightOut crypto ecosystem.

Visit FightOut Now

Dash 2 Trade (D2T) – pre-sale has entered the final stage

Those interested in investing in a promising crypto trading platform startup should look no further than Dash 2 Trade. A rising social trading and analytics platform hopes to break into the cryptocurrency trading space with a set of unique features.

These include trading signals, social sentiment and on-chain indicators, a pre-sale scoring system, a symbol list alert system and a strategy backtesting tool. The Dash 2 Trade ecosystem will be powered by a D2T token, which users will need to purchase and hold to access the platform’s features.

Dash 2 Trade is currently conducting a heavily discounted token pre-sale and sales recently exceeded $11.2 million. A pre-sale dashboard will launch soon, with the development team currently running ahead of schedule. The tokens are currently selling for $0.0533 each and will be listed on several centralized exchanges in less than one month.

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Visit Dash 2 Trade here

Calvaria (RIAA) – Final Pre-Sale Now

Major blockchain-based games like Axie Infinity have lost significant traction in 2022. As a result, many investors interested in the crypto gaming space are looking for alternative ways. Calvaria, the emerging battle card crypto game, could be a good alternative. Calvaria seeks to promote cryptocurrency adoption by creating a bridge between the real world and cryptocurrency, a fun and accessible cryptocurrency game.

Investors should consider pre-selling Calvaria’s RIA token. Calvaria has now raised $2.6 million, with a crypto whale taking in $97.5 thousand in a single purchase earlier this month. The pre-sale is in the final phase, with only 20% of the tokens remaining.

Visit Calvary now

FightOut (FGHT) – the latest money-making project

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  • CertiK is audited and CoinSniper KYC verified
  • The early stage pre-sale is now live
  • Earn free crypto and learn about your fitness goals
  • LBank Labs project
  • Partnership with Transac Block Media
  • Staking bonuses and rewards

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Blockchain

BNT/USD is trading near the $0.50 resistance

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The Bancor price prediction shows that BNT is crossing the 9-day and 21-day moving averages while the coin is taking off to the upside.

Bancor Prediction Statistics Data:

  • Bancor price now – $0.34
  • Bancor’s market capitalization is $55.8 million
  • The circulating supply of Bancor – 162.5 million
  • The total supply of Bancor – 162.5 million
  • Bancor Coinmarketcap Ranking – #287

BNT/USD market

Key levels:

Resistance levels: $300, $310, $320

Support levels: $130, $120, $110

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BNTUSD – daily chart

BNT / USD It is currently trading at $0.345 after touching a daily high of $0.490, and is likely to return above the 9-day and 21-day moving averages. However, in case the buyers can push the price above the $0.50 resistance level, then the daily candlestick may close above this level, and the price may rise towards the upper boundary of the channel.

Bancor Price Prediction: Bancor is preparing for an upward movement

According to the daily chart, the Bancor price It is moving near the $0.40 resistance level as the coin is preparing for additional gains. The technical indicator’s RSI (14) is also moving to cross above the 50 level, where the signal line is pointing up to signal a buy signal.

However, if buyers are able to push the price and hold it above the 9-day and 21-day moving averages, Bancor price could rise towards the upper boundary of the channel to reach the potential resistance levels at $0.50, $0.55, and $0.60. While crossing below the lower border of the channel, it could lift the currency to the support levels at $0.25, $0.20, and $0.15, respectively.

Against Bitcoin, Bancor is following a bullish rally, and it could swing higher to cross above the upper boundary of the channel that could identify the resistance at 2400 SAT and above. On the other hand, if the market price crosses the lower boundary of the channel, it may reach the support level of 1800 SAT and below.

BNTBTC – Daily Chart

However, the technical indicator’s RSI (14) is currently moving to cross above the 50 level as the signal line is pointing north to confirm the upward move. Moreover, any further upward movement may create additional gains above the channel.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

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Dash 2 Tadawul – High Potential Pre-Selling

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Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • Featured in Cointelegraph – $10 Million Raised
  • Know Your Customer verified and reviewed
  • The original code for the crypto signals ecosystem

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DYDX/USD could rise above $1.20

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Since the coin starts the upward movement towards the upside, the dYdX price forecast is likely to move steadily inside the channel.

dYdX prediction stats data:

  • DYDX price now – $1.10
  • DYDX market capitalization – $72.7 million
  • Circulating supply of DYDX – 65.5 million
  • Total supply of DYDX – 1 billion
  • DYDX Coinmarketcap Rank – #198

DYDX/USD Market

Key levels:

Resistance levels: $2.00, $2.20, $2.40

Support levels: $0.50, $0.30, $0.10

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DYDXUSD – daily chart

DYDX/USD is likely to cross above the 9-day and 21-day moving averages as the currency begins its upward movement. in the past few days, dYdX price Struggles to cross over to the positive side. According to the daily chart, the RSI (14) technical indicator moved to cross above the 40 level, confirming the bullish movement of the currency.

dYdX Price Prediction: DYDX is ready for an uptrend

the dYdX price It is currently moving north. If the currency continues its upward movement, the bulls may cross above the 9-day and 21-day moving averages, which could reach the resistance levels at $2.00, $2.20, and $2.40. At the time of writing, DYDX/USD is showing a slight bullish movement on the daily chart.

Conversely, if the coin slips below the lower boundary of the channel, it may bring the coin back to the $0.50, $0.30, and $0.10 support levels, respectively. Meanwhile, long-term buyers should not be alarmed by the small impact down the road, as the future of DYDX is assured as evidenced by the technical indicator’s RSI (14).

Against Bitcoin, dYdX price is hovering below its 9-day and 21-day moving averages as the coin is poised for an upward move. The technical indicator’s RSI (14) also confirms the upward movement as the signal line encounters the 40 level. On the contrary, a potential downside move could emerge if the market price crosses below the lower boundary of the channel, which could reach the support level 200 SAT and below.

DYDXBTC – Daily Chart

Meanwhile, any further bullish move above the moving averages could push the coin to the 1200 SAT resistance level and above, and this could take the coin to a new high, and the market could remain in the bullish zone.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

Related

Dash 2 Tadawul – High Potential Pre-Selling

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Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • Featured in Cointelegraph – $10 Million Raised
  • Know Your Customer verified and reviewed
  • The original code for the crypto signals ecosystem

Dash 2 Trading


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SBF to Enter Plea Deal, Mango Exploiter Arrested, Celsius News: Hodler’s Digest, Dec. 25-31

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