Active buying keeps Internet Computer advancing to a 7.19% daily gain

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Internet Computer jumps 7.19% today

Highlights

ICP/USD shows bullish short-term and medium-term momentum but faces persistent long-term resistance below 2.70.
Momentum indicators are mixed, with overbought signals warning of a potential near-term pullback despite sustained upward price action.
Expected trading range over the next 2–3 days is $2.19–$2.70, with immediate support at $2.29 and 67% probability of further upside.

Buyer momentum holds as overbought signals and resistance converge

On the 1-hour chart, ICP/USD is trading above the MA-20 and MA-50, but remains below the MA-200. Immediate support is indicated by the Ichimoku Kijun at $2.29. The RSI currently reads 64.18, confirming buyers are active, while both Stoch RSI and CCI are in overbought territory, cautioning about potential short-term exhaustion. ADX and Bull/Bear Power (BBP) both indicate ongoing buyer dominance, and the Awesome Oscillator continues to support the prevailing uptrend. MACD remains neutral, reflecting mixed momentum signals.

Bullish consolidation expected amid limited downside risk

Over the next 2–3 trading days, ICP/USD is expected to oscillate within a typical volatility range of $2.19 to $2.70. There is a 67% chance of further upside, while downside risk is comparatively lower. The base case scenario is price consolidation between these support and resistance levels, with a bullish breakout likely if resistance is breached, and a bearish turn expected if support at $2.29 is lost.

Viktoras Karapetjanc, expert at Traders Union, notes that Internet Computer (ICP) is showing constructive technical strength above its short-term and medium-term moving averages. He believes that strong buyer momentum, confirmed by several momentum and sentiment indicators, supports a positive short-term outlook. However, the analyst remains attentive to signs of overbought conditions that could limit further gains without a fresh catalyst. Karapetjanc sees price consolidation as the likely scenario but expects further upside if resistance levels are breached in the coming days. "Momentum is clearly on the bulls’ side for now, and I remain constructive as long as support at $2.29 holds."

Earlier, analysts noted that Internet Computer was experiencing sustained bearish momentum and downside risk. The recent shift to bullish signals and increased buyer strength suggests a potential change in short-term direction, making the $2.29 support level critical to monitor for confirmation of continued upside.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.