The last weeks of trading at the Cryptocurrency market give us all intrigue and insecurity. The price of Bitcoin stopped at the critical range of 48,000 to 50,000 US dollars and market participants calmed down. About the past 4 weeks trading, The quantities are weekly from $ 38 billion per day up $ 27 billion.
The decrease in daily trading volume of Bitcoin has reduced his A hit on other cryptocurrencies and made it possible for new and simple crypto projects, “shoot”. Hence, while the Bitcoin The market is now drifting as part of the low volume consolidation that we will talk about the ICP Cryptocurrency.
We analyze them weekly TOP-10 cryptocurrenciess by daily trading volumes and record a video forecast for the week. Regrettably, ICP didn’t make it into this TOP, but it got as close as possible to it.
With a deal ICP ranks 12th and is as close as possible to the infamous DOGE ($ 1.6 billion). However, if you compare the local trend of these two coins, you can see that the ICP The market is building a trend move and is ready keep growing.from $ 1.36 billion per day,
On the graph we can see that the consolidation in the ICP market lasts a long timer than on the DOGE market. Remember that Bitcoin allowing alcoins to move their prices independently, the main question for an investor Which cryptocurrencies will grow first?
It is known that there is not enough new volumes in the market so that all cryptocurrencies grow at the same time. Therefore, you should first select those coins that have already proven their strength in both trading volume and activity. We can see that on the graph the ICP price did not allow updating of local lows on August 18th and 27th. At the same time, DOGE is successfully updating the lows and its buyers are not yet showing any active desire to buy.
In this example we have shown two types of altcoins that are currently available. The first type, like SOL, SAND, ICP , are ready for new highs while others – DOGE, DOT, BNB and others – seek further consolidation.
Some peculiarities about the ICP market
The main achievement of recent buyers in the ICP The market takes control of the range $ 53-56:
The graphic clearly shows how important this range is for market participants. Buyers have broken through this high volume range and now the consolidation process is under way to continue the growth $ 100. Depending on how strong the turbulence in the cryptocurrency market will be, ICP The price can start to grow from $ 64 or $ 57.
For long-term investors This range is good to buy. In this case the risk per position is approximately 10-13%. This cryptocurrency is in ours long-term portfolio and in the portfolios of our long-term partners whose deposits we manage.
In the event of an error, the ICP In the case of large volumes, the price should initially be the $ 53-56 and then fixate on a large timeframe below (start consolidating). In this case, the price of the internet computer will drop down into the range of $ 40-45. This is another liquid zone where we are happy to buy this cryptocurrency if such an opportunity arises.
PS For the most conservative investor, consider the ICPBTC Chart and enter 0.0015-0.0016 only after retesting the fluid range. a
Only at the moment of fixing the price above this range the security level entering a position will be maximum.