Internet Computer gains ground with buyers holding a modest edge per Bull/Bear Power: weekly forecast

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Internet computer gains 3.50% this week

Highlights

ICP trades below key moving averages, signaling sustained bearish pressure despite a modest 3.5% rebound last week.
Weekly technical indicators present weak momentum and unclear trend direction, with short-term buyers only modestly outweighing sellers.
ICP is likely to remain range-bound between $2.51 and $2.79 next week, with downside risk exceeding upside probability.

Operational milestone and AI interest drive supportive sentiment this week

Internet Computer achieved a major operational milestone by surpassing 287 billion processed mainnet transactions. Additional support came from increased interest in AI-enabled blockchain projects following a report from Goldman Sachs, and strong fundamental network performance, with 6.5 billion transactions recorded over the past 30 days. The network continued to demonstrate robust uptime and transaction throughput during this period.

Momentum remains weak as technical signals highlight persistent pressure

On the weekly chart, ICP’s technical outlook remains weak despite last week’s rebound. The MACD gives a strong sell signal and the ADX reads 12.10, highlighting a lack of clear trend direction. The price holds slightly above the W1 MA-20 resistance but is still notably below both the MA-50 and MA-200, confirming persistent medium- and long-term selling pressure. Support for the week is established at $2.51, with resistance near the MA-50 at $3.73 and at $2.79. The weekly RSI at 48.21 and Stochastic RSI at 63.10 both hover near neutral, while the Bull/Bear Power registers a strong buy, hinting buyers have a modest edge despite lackluster momentum. Weekly volatility stands at 29.17%.

Sideways action likely as volatility rises and breakout risk stays low

For the week ahead, ICP is expected to trade within a volatile corridor of $2.51 to $2.79. The baseline scenario is sideways price action as buyers and sellers remain largely balanced and no primary indicators issue a buy signal. There is a greater likelihood of mild downward movement, with an upward breakout above $2.79 considered unlikely (probability below 20%). A clear move below $2.51 would expose recent lows, while a strong recovery would require a decisive push beyond $2.79.

Anton Kharitonov, expert at Traders Union, notes that Internet Computer (ICP) posted only a modest recovery this week, gaining 3.50% and closing just above its MA-20 but remaining suppressed below the MA-50 and MA-200. He sees that while there was strong fundamental performance and positive AI blockchain sentiment, these factors have not translated into a meaningful shift in technical outlook. The weekly MACD remains on a strong sell, and the ADX shows no clear momentum, signaling that sellers still have control. Kharitonov believes the baseline for the coming week is sideways movement inside the $2.51–$2.79 range, with a greater risk of decline than breakout, as none of the main indicators now support more upside. Resistance stands clearly at $2.79, and the probability of pushing higher is low without a decisive change in sentiment or momentum. "As long as ICP stays capped below $2.79, I remain cautious and do not see conditions for sustainable recovery yet."

Earlier, analysts noted that Internet Computer remained technically constrained despite some signs of fundamental network growth. The current outlook reinforces this view, as persistent long-term pressure and lackluster momentum mean traders should closely watch the $2.51 support level for any potential escalation of downside risk.

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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