The Internet Computer (ICP) is showing renewed bullish momentum as buyers defend key support and a potential reversal pattern for the ICP price takes shape. Rising trading activity and stronger network usage further support the recovery narrative, while a confirmed breakout could attract fresh demand and strengthen the broader bullish outlook.
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At the time of writing, ICP is trading at $3.00 with a 24-hour trading volume of $169.23 million and a market capitalization of $1.67 billion. However, the ICP price has surged by 12.07% over the last 24 hours.
Source: CoinMarketCap
Also Read: ICP Price Eyes Bullish Reversal as Descending Wedge Targets $4.39
ICP Double Bottom Signals Breakout Toward $6.20
The crypto analyst Crypto With Gopal revealed that the ICP price is showing a potentially bullish reversal after forming a double-bottom structure around the $2.00–$2.20 support zone.
Buyers have defended this area twice, highlighting strong demand and reducing downside pressure. The pattern suggests momentum may be shifting toward bulls, although confirmation remains dependent on a sustained move above resistance.
Source: Crypto With Gopal’s X Post
The $4.00 level now represents the critical neckline for ICP’s setup. A decisive breakout above this barrier could validate the pattern and strengthen the path toward the projected $6.20 target.
Rising momentum could attract additional buyers, but traders will likely monitor volume and confirmation closely before considering the breakout fully established.
ICP Sees Sharp Surge in Trading Activity
Coinglass data pointed out that Internet Computer (ICP) is seeing a sharp rise in derivatives activity, with trading volume climbing 123.95% to $218.09 million.
Open interest has also increased 14.43% to $103.91 million, signaling stronger market participation and growing trader exposure. The combination suggests heightened interest in ICP and potentially greater volatility as traders position for its next major move.
Source: Coinglass
ICP Technicals Reveal Strong Bullish Pressure
According to the TradingView chart analysis, a clear trend reversal is observed on the ICP price, breaking through the level of 2.00, set in August, and reaching 3.028, with an increase of 10.71% per day.
The price rises significantly above all major EMAs, retaking the level of 200 EMA at 2.586, with the previous levels of EMAs from 2.36 to 2.50 becoming new dynamic support levels.
Source: TradingView
The momentum signals strong buying interest with some short-term exhaustion. The RSI of 14 days is now at 75.49, which is much higher than its signal line of 59.99 and above the regular overbought level of 70.
Although it shows that the market still has solid upward momentum, the high RSI indicates consolidation or testing of 2.58-2.80 before heading for 3.20.
Following the bullish price predictions and improving technicals and derivatives, the ICP price is moving in an upward direction. This move is also backed by the improving trend in the crypto market as the BTC price has started to move upward.
ICP Network Processes 133M Transactions in One Day
The data from Chainspect further highlighted that the ICP network witnessed a massive spike in its activity over the weekend, with a rise in the number of transactions by 12.4%, bringing the total transactions over 133 million.
The ICP network managed to retain an average throughput of 1,546 transactions per second, underscoring its capability to cope with high demands without any central system infrastructure.
Source: Chainspect’s X Post
The event highlights the positioning of the ICP as a decentralized computer platform, especially in the context of new applications for artificial intelligence that need dependable and uninterrupted computing power.
Although the growth in transactions does not directly correlate with an increase in ICP price, the constant use of the network may imply increased participation in the ecosystem.
What Happens Next for ICP?
In the coming period, it is vital for the ICP price to be able to defend the $2.58–$2.80 support region.
If the retest proves to be successful, it can give the bulls an upper hand, moving the price towards the $4.00 level, whereas a breakout of that resistance might make the way to the $6.20 mark open. However, high RSI values may result in consolidation initially.
Also Read: ICP Price Eyes $15 as Internet Computer Surpasses 300 Billion Transactions
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
