Internet Computer (ICP) rose 0.96% over the last 24h, underperforming the broader crypto market (+0.30%). The gain aligns with mixed technical signals and renewed focus on its decentralized cloud infrastructure. Here are the main factors:
AI/Cloud Narrative – Social media highlighted ICP’s unique decentralized cloud infrastructure as AWS alternatives gain attention.
Market Volatility – Recent price swings (e.g., +22% rally on Dec 22 followed by -8% drop) reflect speculative trading near key levels. $ICP #CryptoMarketMildlyRebounds
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TLDR
Internet Computer (ICP) rose 0.96% over the last 24h, underperforming the broader crypto market (+0.30%). The gain aligns with mixed technical signals and renewed focus on its decentralized cloud infrastructure. Here are the main factors:
Technical Rebound – Oversold RSI and bullish MACD divergence signaled short-term upside potential.
AI/Cloud Narrative – Social media highlighted ICP’s unique decentralized cloud infrastructure as AWS alternatives gain attention.
Market Volatility – Recent price swings (e.g., +22% rally on Dec 22 followed by -8% drop) reflect speculative trading near key levels. $ICP #CryptoMarketMildlyRebounds