The cryptocurrency market continues to surprise both newcomers and veterans alike, with explosive growth seen in some of the more well-established projects. However, a new contender has entered the space: GoodEgg (GEGG), an AI-driven meme coin priced at just $0.00015. While both Near Protocol (NEAR) and Internet Computer (ICP) are on their respective trajectories towards the $10 mark, investors are beginning to take notice of GoodEgg and its rapid presale success. Could this meme-powered altcoin rise to dominance before Near Protocol (NEAR) and Internet Computer (ICP)?
Internet Computer (ICP) on a Bullish Path
The Internet Computer (ICP) has garnered significant attention in the past few weeks with a price surge of 12%. Currently trading around $8.73, the project has shown signs of continued bullish momentum. With trading volume jumping 169% to $228 million, it’s clear that Internet Computer (ICP) is positioned for a potential breakout. The token’s price action suggests that Internet Computer (ICP) could soar beyond $10 in the coming months, as the bulls capitalize on the current market dynamics.
Key indicators such as the 50-day and 200-day Simple Moving Averages (SMAs) show that Internet Computer is set for a bullish trend. The Relative Strength Index (RSI) has moved into the overbought region, standing at 72, which confirms that there’s significant buying pressure driving this momentum. The Moving Average Convergence Divergence (MACD) has also crossed into positive territory, further supporting the optimistic outlook for Internet Computer (ICP).
Internet Computer (ICP)’s double-bottom pattern formed over the past few months suggests that it could push beyond the $8.87 resistance level and continue its upward trajectory. Should the bulls maintain control, the next target for Internet Computer (ICP) is $10.56, but investors should watch for a potential fallback to $7.54 if bears re-enter the market.
NEAR Protocol (NEAR) Eyes a $10 Breakout
Like Internet Computer, NEAR Protocol (NEAR) is also showing signs of strength in the market. Trading just above $4.02, Near Protocol (NEAR) has recently seen a 3.5% price increase, bouncing off key support levels around $3.90. Near Protocol (NEAR) has been attempting to break through its previous highs since reaching $8.82 in March, and analysts believe that it could soon test the $5 level. If Near Protocol (NEAR)…
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