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Internet Computer(ICP) has been on a good rise in the past week, once reaching $4.78, now pulling back to around $4.30, and still up 9% in the last 24 hours. Interestingly, this trend reminds many analysts of the $9.50 surge in November. According to their predictions, ICP may find resistance between $5 and $6 in the near future.
However, there is something to watch out for. The RSI indicator has soared to 85, a typical overbought signal. In plain terms, there is a short-term risk of a pullback, so caution is advised. Friends who want to follow should pay attention to good entry points and avoid chasing the high.