Internet Computer Price Rebounds, but Will It Continue?

The cryptocurrency market is currently experiencing a period of extreme fear, with most tokens charted in red. However, Internet Computer (ICP) has managed to post a gain of over 6% despite this bearish trend.

The ICP price has risen from $2.33 to $2.56, and the trading volume has reached $124M. This surge in price can be attributed to the bullish momentum that is currently driving the asset's movement.

According to technical indicators, the MACD is above the signal line, indicating the presence of bulls. The Chaikin Money Flow (CMF) indicator is also positioned at 0.13, showing that buying pressure is stronger than selling pressure.