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INTERNET COMPUTER PRICE ANALYSIS & PREDICTION (June 9) – ICP Breaks Out Key Resistance Line Amid Fresh Surge, Signals Bullish

  • ICP broke out of a key resistance line and appears poised for a bullish move on the daily chart after finding support and initiating a fresh buy.
  • ICP saw less recovery during the last leg up compared to other mid-cap altcoins, resulting in sideways movement and indecisiveness on the weekly chart.
  • Following a bounce back from the $4.8 support level, ICP experienced a three-day surge, breaking slightly out of a month resistance line and currently trading at $5.6, signaling a potential bullish move.
  • A push above the previous monthly high is crucial for a significant price movement in the short term, with key resistance levels at $6.37, $7.74, and $9; while main support levels are at $4.8, $4.2, and $3.5.

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