Foreign media reports that the Internet Computer token ICP has risen by approximately 13% recently, with its price climbing from around $2.74 to above $3. Along with this upward trend, trading activity has significantly increased. Market attention has shifted from breaking through the $3 mark to whether it can continue to hold its ground and reach $3.3.
Trading volume increases synchronously
The article mentions that this round of increase did not occur in a low-trading environment. In recent trading days, the daily trading volume of ICP has increased from about 5.9 million to nearly 10 million coins. At the same time, the price broke through the upper edge of the upward channel on the daily chart, providing stronger confirmation for this upward movement.
Judging from its performance in the market, ICP once rose to around $3.06. The area that previously suppressed the rebound is now being retested. If the price continues to remain above $3, the short-term bullish and bearish divide will also move upward accordingly.
$3 becomes a short-term support level
The article suggests that the range of $2.90 to $3.00 has become the most immediate support level at present. If prices remain above this range, the current breakout structure can be maintained, and the market may continue to try to move upwards.
On the contrary, if it falls back below $2.90, the short-term trend may weaken, and market attention will shift back to the $2.70 to $2.75 range. In other words, the area around $3 has gradually shifted from being a previous resistance level to becoming the key point for determining whether this rebound can continue.
$3.3 is the next resistance level.
In terms of the upper range, the article considers $3.06 to be a level that needs to be surpassed first in the short term, while $3.3 is a more crucial resistance level. If the price breaks through $3.3 with increased trading volume, the subsequent range of fluctuations could further expand, and the market may test the $3.5 to $4 area.
However, the article also points out that if the price encounters resistance around $3.3, ICP may enter a consolidation phase, and could even retest the breakout area near $3.3. Compared to a brief surge during a single day's trading, if a breakout is followed by a pullback and the price can be held above that level, the credibility of the trend would be even higher.
Ecological progress provides the background.
In addition to price factors, the article also mentions that Internet Computer has recently made continuous progress in areas such as chain key cryptography, decentralized AI, smart contract functionality, and Bitcoin integration. Its Chain Fusion technology is aimed at enabling smart contracts to interact with external networks such as Bitcoin and Ethereum, without relying on traditional centralized bridging solutions.
These developments provide context for the market attention surrounding ICP, but the article suggests that whether the short-term trend will continue mainly depends on whether buyers can sustain their support above $3 and push prices to effectively challenge $3.3.
