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Altcoin Sherpa's Rally Highlight for Two Tokens: Jumped 270% but Will Continue!
Altcoin Sherpa, who recently came to the fore with his analysis, believes that the price of the Web3 project Internet Computer has its upside potential.
According to Sherpa, the ICP token is in a very interesting position. According to its analysis, the token is currently in the bullish demand zone, as well as the four-hour 200-Day EMA, which it hasn't tested in a while. Considering these two details, the analyst suggested that he would open a "long position".
According to altcoin Sherpa's chart, it is critical for Internet Computer to hold its native token ICP the 200-day EMA as "support" around the key level of $11.25. If the token achieves this, it could create significant room for upside.
ICP is trading at $11.14, up more than 270% since its close of $2.99 on Oct. 19.
As Koinfinans.com reported, Altcoin Sherpa recently commented on the price of Chainlink, suggesting that the asset will remain in a consolidation phase but will then rise.
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