Internet Computer (ICP) is maintaining a bullish trajectory, continuing its recent upward momentum in the market as of Wednesday, March 11.
Over the last 24 hours, ICP has advanced by around 7.47%, indicating stronger buying pressure. On the weekly scale, the asset has also delivered a solid 4.28% gain as trader activity improves.
According to CoinMarketCap data, ICP is trading near $2.70 as market participation expands. The token’s 24-hour trading volume has reached $315.7 million, reflecting a sharp 489.69% daily jump. Its market capitalization now stands at $1.48 billion, rising 7.23% during the same period.
Also Read: ICP Breakout Above Resistance Could Target $14 Pivot High
Technical Indicators Suggest Momentum Recovery
According to the TradingView chart, the Internet Computer (ICP) daily chart shows a recovery attempt after weeks of steady decline, marked by lower highs and lower lows.
A strong bullish candle pushed the price near $2.68, signaling renewed buying pressure. This move suggests improving sentiment and a possible short-term trend stabilization.
Bollinger Bands show expanding volatility as the price climbed from the lower band near $2.08 toward the upper band around $2.68.
This movement reflects stronger momentum after a consolidation phase. If buyers maintain control, the next technical upside level could appear near the $3.21 target.
However, the Ichimoku setup indicates that there is a pick-up in momentum as the price is moving past both the Tenkan and Kijun lines. Yet, the cloud forming in the future indicates that there is still resistance to be overcome.
If the price continues to perform well above $2.60, then a continuation is possible, and bulls are aiming to reach resistance at $3.21 in the upcoming sessions.
Upbit Listing Expands ICP Market Accessibility
Recently, Upbit, the largest crypto exchange in South Korea, listed Internet Computer (ICP) and paired it with KRW, BTC, and USDT.
This listing of ICP is likely to help it gain more traction in the market and may even attract more trades from Korean investors seeking to invest in potential blockchain infrastructure plays.
The Internet Computer protocol, designed by the DFINITY Foundation, is focused on native cloud computing through the use of blockchain technology.
In its design, it has enabled applications, services, and data to live on the blockchain, thereby positioning it as a potential rival to traditional cloud computing and other centralized IT infrastructure.
Why This Matters
With this Upbit listing, ICP is expanding its presence in South Korea, and this should help increase liquidity and short-term interest in the token.
As more and more investors participate in this listing, there is a possibility that a continued push towards this major hurdle of $3.21 could be indicated.
Also Read: ICP Price Outlook: Bulls Eye $7.34 if Key Resistance Levels Break
