Internet Computer (ICP) is showing signs of improving network activity as on-chain metrics recover from summer lows and traders monitor a potential bullish reversal. Santiment Intelligence reported growth in active and new addresses, while Chainspect recorded 201.1 million transactions on Wednesday. Meanwhile, crypto analyst Crypto With Gopal identified a possible double-bottom formation, with $4.10 emerging as a key resistance level. With the ICP price trading around $2.77 in the supplied data, sustained buying pressure will be crucial to establishing a stronger recovery.
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Internet Computer Addresses Rebound From Summer Lows
Santiment Intelligence reported that ICP’s median daily active addresses increased from 2,838 between July 24 and August 22 to 3,860 between September 22 and October 21, representing growth of approximately 35%.
New addresses recorded a stronger increase, with their daily median climbing from 481 to 710 across the same comparison periods, marking a rise of roughly 45%. These figures indicate increased network participation, although address growth alone does not confirm a corresponding increase in unique users or economic activity.
Source: Santiment Intelligence’s X Post
The recovery has been uneven. Daily active addresses exceeded 7,400 on October 14 and October 21, but 16 of the month’s 21 days recorded between 3,100 and 4,300 addresses.
During the peak week in early November 2025, the network averaged approximately 9,500 daily active addresses, roughly twice the latest weekly readings. Activity has recovered from its summer lows but remains below that earlier peak.
Also Read: Internet Computer (ICP) Revenue Reaches $86K as ICP Price Eyes $3.50
ICP Records 201.1 Million Transactions in a Day
According to the Chainspect data, Internet Computer processed 201.1 million transactions on Wednesday, averaging 2,328 transactions per second. This marked its busiest day of the preceding week.
Combined with Santiment’s address data, the transaction figures provide additional context for evaluating network usage. Increasing address counts and transaction throughput may indicate broader participation and sustained technical activity.
Source: Chainspect’s X Post
However, these indicators do not necessarily confirm higher demand for ICP tokens. The adoption would be dependent on ongoing engagement and proof that network activity results in application utilization.
ICP Price Tests a Potential Double-Bottom Formation
In the given information, the ICP price is trading at about $2.77, and the $2.00 range was marked as an important support region by Crypto With Gopal.
The analyst pointed out a possible double bottom pattern, which occurs when the same support region is tested by an asset twice prior to making an attempt to break resistance levels.
Source: Crypto With Gopal’s X Post
The neckline of the formation is close to $4.10. An upside breakout above the level will favor the bullish reversal pattern theory, while a rejection from the resistance might keep the ICP price in its current range.
Breaking down below $2.00 would undermine the bullish stance. On the other hand, any sustained buying around the support level could offer the basis for another recovery attempt.
Crypto With Gopal Identifies a $7 Price Target
Crypto With Gopal also noted that a breakout above the neckline at $4.10 may open up the path to the $6.50-$7.00 range.
This is subject to ICP being able to maintain support levels and build enough momentum for moving past resistance levels. The asset has not reversed simply because it is trading above its support range.
Improvement in network traffic is a positive environment, although it will not necessarily ensure price gains. Traders will have to consider whether the buying force gets stronger and whether the ICP price succeeds in breaking out from the neckline.
What Comes Next for ICP?
ICP’s next move will depend on whether buyers manage to defend $2.00 and finally start attacking resistance at $4.10. The breakout will reinforce the double bottom formation, whereas the breakdown will invalidate it.
The rise in active, new addresses and transaction volume would provide further evidence of adoption. At the moment, the combination of rising network activity together with an unfounded bullish pattern makes the target level of $6.50-$7.00 a conditional one.
Also Read: Internet Computer Network Activity Rises 58% as ICP Price Gains Momentum
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
