Internet Computer (ICP)

Internet Computer (ICP)
Internet Computer runs on special computing devices known as "node machines". It can be used to create online systems or services without the need of traditional IT. With a market capitalization of $3.34 Billion, it ranks 2nd among the AI tokens and 23rd in the crypto space.

Internet computer highlights a consolidation for the last one week near the demand zone. The price lags below all the key exponential moving averages indicating a prevailing bearish trend. Now, a breakout of the consolidation may indicate the end of a correction phase whereas a breakdown of the consolidation may suggest a bearish continuation.

The trading volume has surged by nearly 3.8% to $65.8 Million a day. Also, the volume to market cap ratio at 2.26% suggests low volatility.