ICP weekly review: ecosystem grows with Microsoft, Google deals as neutral sentiment lingers

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Internet Computer rises 2.82% this week

Highlights

ICP is trading at $3.32, significantly below the MA-20 ($3.94), MA-50 ($4.83), and MA-200 ($7.11), signaling persistent bearish pressure.
Weekly technicals remain negative as the MACD signals a strong sell and RSI at 43.45 confirms mild downside momentum, while the ADX reading of 13.39 reflects weak trend strength.
For the coming week, ICP is projected to range between $3.15 and $3.45 with less than a 20% probability of a price increase and immediate resistance at $5.51.

Ecosystem growth accelerates as partnerships and upgrades boost sentiment

ICP's total value locked reached $1.14 billion following new institutional partnerships with Microsoft Azure and Google Cloud. The protocol also saw significant protocol upgrades, including Fission and Stellarator, which increased compute capacity by 50%. Ongoing enhancements in on-chain governance and interoperability with major blockchains underline recent ecosystem growth.

Downside momentum prevails over the week amid unresolved technical signals

Weekly technical analysis confirms a bearish to neutral sentiment for ICP. The price remains suppressed below all key weekly moving averages, with Ichimoku Kijun dynamic resistance at $5.51 and no clear support nearby. MACD issues a strong sell signal, ADX at 13.39 points to weak trend momentum, and the RSI at 43.45 highlights mild downside pressure. While Stoch RSI (29.90) and CCI appear neutral and indicate the asset approached oversold conditions midweek, the awesome oscillator remains neutral and does not confirm recent buying activity. BBP suggests buyers were active through the week, but the overall technical picture remains unresolved, with negative momentum dominating.

Sideways movement likely next week as conviction remains weak

For the upcoming week, ICP is expected to remain confined within the $3.15 to $3.45 range, reflecting moderate volatility and a fragile technical backdrop. Sideways price action is the baseline scenario as both bulls and bears lack conviction, with the probability of a meaningful upward move below 20%. A bullish breakout would target the $3.45 to $3.60 zone, but persistent downside risk could open a move toward $3.05 if support at $3.15 fails.

Previously it was reported that Internet Computer is trading below its short-, medium-, and long-term moving averages, with ongoing downside pressure reflected by bearish weekly trends, intraday selling, and heightened volatility. Technical indicators present a mixed outlook, as deeply oversold oscillators suggest short-term seller exhaustion while the daily MACD signals a strong buy, but resistance persists around the MA-50 and downside risks remain elevated within a choppy consolidation range.

Source of Data: ICP Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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