2022 has started on the right foot for Internet Computer (ICP). While sentiment in wider crypto remains sluggish at the moment, ICP is growing. The coin has in fact outperformed all crypto assets in the last 7 days, gaining nearly 50% in value. Where will this uptrend lead it? Analyse to follow, but first, take a look at the highlights:
The 7-day surge has seen Internet Computer (ICP) rally 70% above its lowest price seen in December 2021.
At the time of writing, the coin was selling for $36. 12, up 5% in intraday trading and with a market cap of $6.7 billion.
Internet Computer (ICP) is one of the newer blockchain projects launched in May 2021.
Data Source: Tradingview.com
Internet Computer (ICP) – Price action and analysis
The past seven days have been bullish for ICP in all aspects. All technical indicators are positive at the moment. For starters, the coin has surged well beyond its 25- and 50-day moving averages.
ICP has also smashed past its $30 resistance, and current momentum will easily take it above $40 in the days ahead.