2024-01-14 11:53:14
In the crypto market, Internet Computer (ICP) and Bitcoin Cash (BCH) are experiencing conflicting dynamics. Both are past various events and price movements that have caught the attention of investors. Meanwhile, the rookie Pushd (PUSHD) is making waves with its decentralized marketplace and pre-sale. In our article, we cover the latest developments around ICP and BCH, as well as the Pushd presale.
Internet Computer (ICP): Bitfinity Excitement and Price Movement
Internet Computer (ICP) recently experienced an 8% drop in price, which is cause for concern. However, the crypto community is enthusiastic regarding Bitfinity’s Layer-2 solution, which uses ICP. Bitfinity Cannister NFT holders are eagerly awaiting a potential BFT airdrop that might bring a boost to the Internet Computer (ICP) ecosystem.
ICP is currently trading around $12.90, having lost 1.33% of its value in the last 24 hours. The chart indicates a consolidation phase, with the 20-day moving average (20DMA) testing the $12.026 level. All this gives rise to optimistic forecasts. On the downside, lower supports are at $10.32 and $8.62, and the 200DMA is at $4.8.
The Relative Strength Index (RSI) is trending down at 58.15, indicating potential upside. However, the moving average convergence-divergence (MACD) signals a slowdown in momentum. According to short-term predictions, Internet Computer (ICP) might rally to $15.34, with a downside move to $10.32.
Bitcoin Cash (BCH): Breaking the $300 barrier and the potential of BCH
Bitcoin Cash (BCH) is trying to break above $300 once more following 190 days. The weekly technical analysis indicates a break of the descending resistance line, which might lead to an upward trajectory. Despite hitting $329 in the past, BCH’s value has faced a brief dip where it showed resilience and is now aiming to break past highs.
The weekly RSI suggests an optimistic outcome, however, a potential bearish divergence remains a concern. The daily chart shows that Bitcoin Cash (BCH) has been in an uptrend since August 2023. The direction of the breakout from the rising channel will determine the future trend.
A successful breakout might result in a 35% rally to the next long-term resistance at $390, while a negative scenario might result in a 20% drop to support at $230.
Pushd (PUSHD): The appeal of a decentralized marketplace
Amid the fluctuations of Internet Computer (ICP) and Bitcoin Cash (BCH), Pushd (PUSHD) is reaping the rewards with lower fees, faster transactions, and its decentralized marketplace. Investors are attracted by the platform’s functionality and rewards. The pre-sale entrants to this stage can benefit from transaction fees and rewards, as well as gain government rights.
With its presale price of $0.06, Pushd (PUSHD) positions itself as a low-cost asset. However, savvy investors see the token as a promising cryptocurrency of the future. In the continuously developing market, the unique characteristics of Pushd (PUSHD) make the project a remarkable competitor.
In summary, the crypto market is constantly changing: the paths of Internet Computer (ICP) and Bitcoin Cash (BCH) are inscrutable, while Pushd is emerging as a promising player. Whether it’s proven tokens or new opportunities, the crypto community continues to find excitement and potential in this dynamic space.
For more information on the Pushd (PUSHD) pre-purchase event, visit on their website.
***Attention! Our article above is a sponsored guest content. The editors of BitcoinBázis do not take any responsibility for what has been described and urge all readers to be extra careful regarding extremely risky cryptocurrency, CFD, token, metaverse, DeFi, play-to-earn and ICO/STO/SAFT investments. Individual research and thorough verification of claims is highly recommended. Trade, invest and play responsibly.***
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