Internet computer is seeing small price decreases at this time. This comes as no surprise as the coin was climbing several resistances over the last seven days.
A look at the chart suggests that the coin has been on an uptrend following a massive decline last week Tuesday. It opened trading at $12 but dropped below $11 and hit a low of $10.7 before rebounding. It closed with losses of more than 11%.
Recovery started the next day as it opened and it climbed back to $11.9 and closed with gains exceeding 9%. Another key event took place on Sunday. It opened at $13.5 and surged to a high of $15.3. Although is had small decreases, it ended the day with gains of more than 12%.
The bullish trend continued into the current week as the coin had one of its biggest surges. It started the day at $15 and attempted the $18 resistance. It faced massive rejection at $17.9 but closed with gains of more than 16%.
Internet Computer Flips $20
It broke $20 during the previous intraday and peaked at $20.5. It experienced strong corrections and lost half its accumulated gains. Nonetheless, it registered gained of more than 7%. This marked the start of a grinding halt of the bullish pattern.
For the first time in eight days, the coin is seeing a red candle. This comes as it retraced from $20.9 and is down by a few per cent.
A look at indicators hold mixed expectations. Nonetheless, one of the key levels to watch is the $16 support.
