Home / Analysis / Crypto / Technical Analysis / Internet Computer (ICP) Price Hits $4 After Snapping out of Prolonged Downtrend: Bulls Eye Higher Levels
ICP skyrockets 42% as DFINITY unveils the 'Mission70' whitepaper | Credit: Hameem Sarwar
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Key Takeaways
ICP surged 42% weekly and broke out above key technical resistance.
Bullish structure and new tokenomics support a move toward $6.
Losing $3.90 support would weaken the breakout and raise downside risk.
ICP, native to the Internet Computer, has increased by 42% over the past seven days.
As a result, the ICP coin price has reclaimed $4. Notably, this is the highest level the altcoin has reached since Nov. 21, 2025, following a prolonged decline.
However, despite the upswing, it does not appear that ICP’s price will undergo a notable correction. Instead, the market value could trade much higher.
Internet Computer Bulls Leave Bears Behind
On the 4-hour chart, the ICP coin has confirmed a breakout after pushing above the resistance line of an ascending triangle.
As seen below, the price continues to print higher lows, and sellers repeatedly fail to push the crypto back into the range.
Over the last few weeks, that tightening structure has built energy, and the breakout signals buyers finally absorbed the overhead supply.
The breakout also appears better supported, as bulls defended the $3.10 base. Furthermore, the Bull Bear Power (BBP) is posting higher readings, which suggests bulls are gaining strength and sellers are losing control.
If the BBP continues to rise, ICP’s price has a stronger chance of clearing the next significant resistance level near $4.54.
Additionally, ICP has reclaimed the 20-period EMA, and the 20 EMA (blue) now sits below the current price. That alignment often acts like strong support in an uptrend.
Therefore, if this structure holds, ICP’s price could build enough follow-through to push above $4.54. Once that happens, the psychological $5 level comes into focus.
New Tokenomics Plays Its Part
Additionally, breakout is also experiencing a fundamental impact from “Mission 70,” a tokenomics overhaul that Dominic Williams and DFINITY have been teasing ahead of a dedicated white paper.
The plan aims for a 70% reduction in ICP inflation by 2026. Furthermore, the plan, if implemented, would lower net issuance by cutting emissions.
At the same time, the proposal leans on a second lever: higher network usage.
More activity means more “cycles” get consumed, and that consumption effectively increases burn pressure relative to issuance.
In fact, one recent data snapshot showed weekly burn reaching 18,728 ICP, which adds to the narrative that organic demand is starting to matter more in the supply equation.
Negative Sentiment, Higher ICP Price
In the meantime, ICP’s Weighted Sentiment has stayed deeply negative even as the price pushes higher.
This can actually support continuation. When sentiment stays bearish, many participants remain underexposed or positioned short.
If the ICP coin continues to rise, those skeptics may be forced to chase the move or cover their shorts, which can add fresh demand and extend the rally.
Still, the negativity also carries a warning. If the price stalls and momentum wanes, pessimistic sentiment can quickly give way to aggressive selling pressure.
Thus, ICP’s trend may continue to climb as long as buyers defend the support level and volume remains high, but sentiment suggests the market remains fragile.
ICP Price Prediction: Is $6 Coming?
Looking at the daily chart, ICP’s price has broken above the resistance line of its falling channel. Amid this, the Chaikin Money Flow (CMF) surge suggests capital is rotating back in.
That breakout improves the broader structure because it signals the downtrend is weakening and buyers are starting to regain control.
However, the price has paused. The ICP coin has pulled back slightly after failing to clear the $4.79 resistance, which now acts as the first major hurdle.
This kind of hesitation is common after a channel break, especially when early buyers take profits into the first supply zone.
Still, momentum remains supportive. The Awesome Oscillator (AO) has flipped into positive territory, indicating strengthening bullish momentum.
If ICP’s price holds above the breakout area, the next upside target sits near $5.95. If buyers accelerate and volume expands, ICP could extend toward $6.86.
The Risks to Watch
While the outlook is bullish, traders should monitor the $3.90 level.
Specifically, a rejection at $4.79 becomes more bearish if ICP loses the breakout zone and slips back into the prior channel.
A drop in volume would also weaken the setup and increase the odds of a deeper retest of support.
Finally, if Bitcoin’s (BTC) price experiences a volatility spike, a failure to hold $3.90 could invalidate the current setup and lead to a retest of $2.07 support.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
