ICP Primed for 54% Surge as Bullish ABC Pattern Emerges—Traders Ignore Fundamentals (Again)

Internet Computer’s token flashes classic bullish reversal signals—just as crypto bros start recycling ’this time it’s different’ memes.

The ABC pattern’s $54 target implies a 54% moonshot from current levels, assuming the whales don’t dump first. Momentum indicators scream buy, but let’s be real—TA is just horoscopes for finance bros.

If the pattern holds, ICP could retest its 2023 highs. If not? Well, there’s always another chart pattern to chase.

• ICP shows bullish momentum with a confirmed ABC pattern signaling a potential reversal.
• Price targets of $12, $31, and $54 suggest strong upside based on technical analysis.
• Despite short-term dips, it’s weekly gains reflect growing investor interest.

ICP is showing signs of fresh momentum, and the ABC chart pattern indicates the digital asset is on track for a major price rally. A climb in demand usually indicates the price is trying to reach its peak. Bitcoin price is at an all-time high, but most altcoins are seeing slower growth, including ICP. Both traders and investors are closely watching ICP and expect a bullish momentum.

At the time of writing, ICP is trading at $5.28 with a 24-hour trading volume of $60.01 and a market cap of $2.81B. Its price over the last 24 hours is hit by market volatility and down by 3.64%, but over the last week it is up by 2.52% and signaling a major upward rally.

Source: CoinMarketCap

ICP Bulls Eye $54 After ABC Pattern Breakout

According to a prominent crypto analyst, CryptoBullet ICP has surprised everyone by fulfilling a traditional ABC corrective pattern rather than an expected triangular pattern. This change is an indication of a possible bull reversal instead of protracted consolidation. The last leg, Wave C, is poised to develop, which tends to mark an end to a correction and a beginning to a powerful up move.

Source: X

Following are the many targets in upward movement. Target 1 is at $12, a small check along the way higher. Target 2 is $31, the broader goal based upon prior highs and technical analysis. With momentum intact, Target 3 at $54 is possible, an optimistic scenario that WOULD mean a full recovery and fresh strength. With the ABC correction, the upcoming Wave C could be the beginning of a significant move for ICP.

Moreover, another crypto analyst suggested that ICP is showing a potential bullish breakout as it tests the upper boundary of a widening wedge pattern in the daily timeframe. The pattern is often regarded as related to increased volatility and quick directionality. ICP’s price movement develops solid momentum in the zone for a potential breakout. Increasing volume and establishment of higher troughs exhibit bullish pressure, and the asset is in a pivotal position.

Source: X

If ICP manages to break above wedge resistance, targets being watched for upside are $6.45, $7.50, $8.66, $10.00, and $12.50. These levels reflect potential gains of 120% from here. Technical indicators like RSI and MACD continue to support a breakout situation, although caution should be exercised in watching for potential fake-outs that are often found in wedges.

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