ICP Price Prediction for June 10: Breakout Rally Eyes $6.12 as Momentum Builds Above Key EMAs
After weeks of compression, Internet Computer price is now showing signs of breakout strength, with a sharp rebound pushing it toward a key resistance zone. The asset is trading around $5.71 as of June 9, having gained over 10% from last week’s local low. Bullish chart patterns and momentum indicators are supporting the current advance, but traders are watching closely to see if price can sustain above key technical thresholds.
What’s Happening With Internet Computer’s Price?
The daily chart shows that Internet Computer price today is attempting to clear the 78.6% Fibonacci retracement at $5.81, which is acting as a short-term ceiling after Friday’s sharp rally. The rally began from a higher low around $4.68, pushing through the 61.8% Fib level ($5.57) and accelerating past $5.40—a previous inflection point. Momentum has been bolstered by a clean breakout above the descending trendline visible on both the daily and 4-hour charts.
The Ichimoku Cloud on the 30-minute chart offers additional confirmation. Price is holding well above the cloud, while the Tenkan and Kijun lin…
The post ICP Price Prediction for June 10: Breakout Rally Eyes $6.12 as Momentum Builds Above Key EMAs appeared first on Coin Edition.
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ICP Price Prediction for June 10: Breakout Rally Eyes $6.12 as Momentum Builds Above Key EMAs
After weeks of compression, Internet Computer price is now showing signs of breakout strength, with a sharp rebound pushing it toward a key resistance zone. The asset is trading around $5.71 as of June 9, having gained over 10% from last week’s local low. Bullish chart patterns and momentum indicators are supporting the current advance, but traders are watching closely to see if price can sustain above key technical thresholds.
What’s Happening With Internet Computer’s Price?
The daily chart shows that Internet Computer price today is attempting to clear the 78.6% Fibonacci retracement at $5.81, which is acting as a short-term ceiling after Friday’s sharp rally. The rally began from a higher low around $4.68, pushing through the 61.8% Fib level ($5.57) and accelerating past $5.40—a previous inflection point. Momentum has been bolstered by a clean breakout above the descending trendline visible on both the daily and 4-hour charts.
The Ichimoku Cloud on the 30-minute chart offers additional confirmation. Price is holding well above the cloud, while the Tenkan and Kijun lin…
The post ICP Price Prediction for June 10: Breakout Rally Eyes $6.12 as Momentum Builds Above Key EMAs appeared first on Coin Edition.
Read More
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