ISLM rally accelerates after HAQQ launches Ethiq | Credit: Hameem Sarwar
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Key Takeaways
The Islamic Coin surged because HAQQ launched the Ethiq Layer 2 mainnet.
ISLM’s trading volume reached its highest level since February 2024.
Here’s why ISLM could push toward $0.086 to $0.13 if momentum holds.
Islamic Coin (ISLM), the token powering the HAQQ Network, a Shariah-compliant /ethics-first blockchain ecosystem, surged roughly 470% in the past 24 hours.
As a result of the move, ISLM’s price skyrocketed to the highest level since December 2024.
But why did the cryptocurrency suddenly outperform other assets in the market? In this analysis, CCN reveals what led to the spike and what could be next for the Islamic Coin price.
Developed by HAQQ Network and built on the Optimism OP Stack, Ethiq is an Ethereum Layer 2 designed to serve as the liquidity hub for the HAQQ ecosystem.
It pairs that role with a unified value layer. According to HAQQ, the goal is to create a shared economic engine that captures activity across the network and routes value back to the community.
“At the core of Ethiq is the Unified Value Layer: an economic engine that connects infrastructure, applications, users, and value flows into a single, coherent system.” The project revealed via X.
Apart from the Ethiq mainnet catalyst, the surge in volume also helped drive ISLM’s rally.
Santiment data shows that trading volume jumped to $4.8 million, marking its highest level since February 2024.
Because volume and price rose together, the move looks better supported.
In other words, buyers did not simply push the price higher due to thin liquidity. They showed up with enough participation to give the trend more strength and improve the odds of follow-through.
If this trend continues, the Islamic Coin price is likely to trade significantly higher than $0.055.
Sentiment Signals Two-Way Risk
Meanwhile, despite the price surge, on-chain data indicate that Weighted Sentiment has remained negative.
In this case, it means that many traders still doubt the move. They may be underexposed, hedged, or even short.
As a result, the Islamic Coin price can continue to rise because there is less euphoric buying to exhaust demand, and more skeptics who may be forced to chase it later.
However, it also signals caution. If the rally loses momentum, the same bearish crowd can quickly turn into aggressive sellers, which can speed up a pullback.
ISLM Price Prediction
From a technical perspective, the weekly chart indicates that ISLM has broken above a descending trendline that has been in place since November 2024.
As a result, it is now flirting with the $0.055 resistance line and appears ready to breach it.
To support this move, the Relative Strength Index (RSI) reading has surged and reached the overbought point. Yet, there is no sign of exhaustion, based on the Bull Bear Power (BBP) position.
At the time of this press release, the BBP has turned positive for the first time since March 2025. Should this remain the case, the Islamic Coin price might rise to $0.086.
If successful, this could propel the altcoin toward the 0.618 golden ratio, reaching $0.13.
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.
