Internet Computer (ICP) is currently hovering near a critical support level which could determine its next price direction. According to crypto analyst Ali (@ali_charts), ICP needs to maintain support at $6.60 to potentially surge toward higher price targets of $10 or even $15.
On the daily timeframe chart, ICP is currently trading around $7.00, just above the crucial $6.60 support level. This price point has historically acted as a strong floor. It has attracted buyers and prevented further downside. As Ali points out, maintaining this support is essential for any significant upward movement for Internet Computer.
The broader context shows ICP in a downtrend, forming lower highs and lower lows. However, a sustained hold above $6.60 could mark a turning point. “ICP needs to hold the $6.60 support to push toward $10 or even $15!” Ali emphasized in his analysis.
Here Are Two Possible Scenarios for ICP Price
The path forward presents two distinct scenarios. In the bullish case, ICP could defend the $6.60 support and breaks above $7.80. This could allow it to gather momentum for a push toward $10. From there, Ali suggests the potential for further gains extending to $15, representing a more than 100% increase from current levels.
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However, a breakdown below the critical $6.60 support could trigger a deeper selloff. This could potentially send Internet Computer price toward $5.00 or lower.
The market will need to see clear confirmation through either a strong bounce from support or reclaiming higher resistance levels to validate any trend reversal.
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