Internet Computer (ICP) has demonstrated a notable 29% increase, defying the broader crypto market downturn. This surge is attributed to the formation of a 'Power of 3' technical pattern, which includes an accumulation phase from March to September, followed by a manipulation phase in October. Currently, ICP is in a potential expansion phase, having surpassed the 200-day moving average.
For ICP to achieve its projected target of $9.41, representing an 88% upside from current levels, it must maintain its position above $4.58 and break through the $6.10 resistance. Traders are encouraged to closely watch volume and price movements for further confirmation of this bullish trend.
Internet Computer (ICP) Forms 'Power of 3' Pattern, Eyes 88% Gain
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