ICP labeled ‘weakest among 60 cryptos’ – Can Internet Computer ride Fed sentiment past THIS?

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Bitcoin rallied 4.3% in 24 hours to briefly climb above $82,200, before slipping back toward $80,000. Comments from Federal Reserve Governor Christopher Waller, favoring a hold on interest rates at the September meeting, supported this upward move. Internet Computer (ICP) rose 2.5% and is up 27.7% from its low of $1.99 on August 1st. Despite this bounce, ICP remains down 99.6% from its all-time high of $700 in May 2021, and a Taurex report ranked it as the weakest performer among the 60 cryptos analyzed. The break of the descending trendline resistance opens a path toward $7.20, with immediate resistance at $2.62, $2.80 and $3.20.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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