The classic falling wedge setup puts the Internet Computer ICP price target at nearly $30.
) reversed directions after falling to its record low near $14.50 on Feb. 24 and has rebounded by more than 30% ever since. And now, it appears the 35th-largest digital asset by market capitalization has more room to grow in the coming weeks.pattern — a setup consisting of two descending, converging trendlines connecting lower highs and lower lows. The intersecting nature of the two lines indicate a weakening bearish momentum.
For ICP/USD, the wedge hurdle was near $17.75, as shown in the chart below. It broke above it on March 22, and kept on rising in the next daily session, accompanied by an increase in trading volumes. On the whole, it shows a convincing falling wedge breakout in action.In a"perfect" scenario, breaking out of a falling wedge pattern — to the upside — can see a subseqeunt price rally by as much as the maximum distance between the wedge's upper and lower trendline.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A Brain Implant Could Restore the Ability to Communicate for ALS PatientsIn a new study published Tuesday in the journal Nature Communications, Swiss and German researchers helped a 34-year-old man with severe ALS to communicate through a brain-computer interface (BCI) implanted in his brain
Read more »
The World Moved on From the Garfield-Themed Restaurant, but Will the Internet Ever Forget?Interest in the Toronto’s now-closed GarfieldEats and its owner Nathen Mazri endures like Garfield’s love of lasagna
Read more »
Ukraine’s Engineers Battle To Keep The Internet Running While Russian Bombs Fall Around ThemIn the rubble of bombarded Ukrainian cities, technicians are risking their lives to keep the country online. Their government calls them the ‘hidden heroes’ of the war.
Read more »
Ukraine’s Engineers Battle To Keep The Internet Running While Russian Bombs Fall Around ThemIn the rubble of bombarded Ukrainian cities, technicians are risking their lives to keep the country online. Their government calls them the ‘hidden heroes’ of the war.
Read more »
'Abbott Elementary': Ava Crashes Janine's Open House Preparations'Abbott Elementary' is back, and we got a sneak peek of tonight’s episode.
Read more »