Internet Computer (ICP) Soars by 36% Weekly: More Upside Ahead?
The cryptocurrency market continues its uptrend, with Internet Computer (ICP) as soon as once more being among the many high performers.
Its worth has risen by nearly 40% during the last week, with some analysts arguing that the rally is perhaps simply beginning.
History to Repeat Itself?
Earlier at this time (January 15), ICP climbed to $4.78, the best level for the reason that finish of November 2025. In the next hours, it misplaced some steam and presently trades at round $4.30 (per CoinGecko’s knowledge), a 9% improve on a every day scale.
Its stable efficiency has drawn analysts’ consideration, with a lot of them claiming there’s nonetheless gas left for extra features. X consumer The Crypto Professor found similarities between ICP’s latest uptick and the one witnessed two months in the past. Back then, the value surpassed $9.50, main the market observer to counsel an identical transfer may very well be forward.
It is vital to notice that the asset’s pump to nearly $10 in November final 12 months was short-lived, instantly adopted by a major downtrend. However, X consumer Alex (BCP) believes that ICP’s newest bounce “feels rather more natural,” and it appears not solely led by hype.
“Volume seems to be nice – it’s not simply hype and massive accounts shilling ICP. It seems like actual demand,” he opined.
Other analysts who gave their two cents on the matter embrace FOUR|Crypto Spaces and Open4profit. The former claimed that ICP may expertise enormous volatility within the brief time period and ultimately exceed $6. Open4profit argued the token has accomplished its accumulation part and is now heading towards the provision zone round $5.
“Once worth is ready to commerce above the zone, upside motion will turn into dominant, and we may see a check of the $6.15 resistance space,” they projected.
Keep an Eye on This Metric
Contrary to the optimistic forecasts, ICP’s Relative Strength Index (RSI) suggests {that a} short-term pullback can also be a believable choice. As CryptoPotato reported on January 14, the metric surged effectively above 70, indicating that the value has elevated too quickly over a quick interval and may very well be due for a correction.
Today (January 15), the index rose to a recent two-month peak of roughly 85, reinforcing the chance of a downward transfer. Conversely, merchants view something under 30 as a shopping for alternative.
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