After weeks of muted action, Internet Computer (ICP) has suddenly come alive, posting a sharp rebound that’s catching traders’ attention across the crypto market. The surge comes amid a wave of renewed buying pressure and bullish technical signals, hinting that something bigger could be unfolding beneath the surface. As ICP’s price tears through resistance levels, investors are now asking—is this just a short-term spike, or the beginning of a long-awaited trend reversal that could push the token beyond $10?
Ever since the major downfall of 2022, Internet Computer has failed to attract the required liquidity. This has compelled the token to either maintain a decent descending trend or a descending consolidation. However, the current rise has been backed by a massive increase in volume, not seen since its inception. This suggests a significant rise in the interest of the market participants that may now lead to a rally beyond the double-digit figure in the coming days.
The year 2025 has been largely bearish for the ICP price, as the rejection from $14.5 led the levels to drop to close to $1.16. After reaching the lows, the bulls triggered a strong rebound and helped the rally enter the bullish range. Currently, the price has risen above the ascending trend line, which has been a strong support since the start of the year, flashing bullish signals for the crypto.
On the other hand, the MACD & DMI have experienced a bullish crossover, validating the bullish thesis. Additionally, a strong rise in the volume hints towards a continued ascending trend, leading the rally beyond the $10.3 resistance in a short while from now. However, the MACD remains within the negative range, and a rise to $14 could bring back the bulls in the market. Once the Internet Computer price surpasses the yearly highs, the token could begin its journey towards higher targets if the market conditions remain in favour.