Internet Computer weekly forecast: MACD supports further gains amid high volatility

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Internet Computer rises 6.51% this week

Highlights

Internet Computer advanced 6.51% in the past week to $2.73, outperforming its recent range.
The asset structure is short-term bullish with continued buyer strength, supported by trending indicators and elevated volatility.
Price is expected to trade between $2.37 and $3.08 over the next week, with key support at $2.65 and resistance at $3.14.

Bullish signals persist as volatility and buyer strength drive trend

The daily chart shows a trending structure, defined by a sustained move higher with a firm trend amid 27.64% weekly volatility. MACD, ADX, and Bull/Bear Power all signal continued buyer dominance, while RSI at 60.86 is approaching overbought but has not yet triggered caution. Nearest support is at $2.65 from the Ichimoku Kijun, with resistance set by the recent weekly high at $3.14. This combination favors further upside in the near term, though the asset is trading in the lower part of the recent range.

High probability of breakout as market eyes support and resistance limits

Over the coming week, the expected trading range is $2.37 to $3.08. There is a very high probability of an increase and a very low probability of a decrease. The base case calls for price action to remain between $2.65 support and $3.14 resistance. A sustained move above $3.14 would unlock further upside, while a fall below $2.65 would turn the short-term outlook negative.

Parshwa Turakhiya, analyst, sees Internet Computer (ICP) holding its gains near $2.73 after a robust 7% recovery this week. The sentiment remains positive as buyers dominate, shown by strong daily momentum and firm technical support at $2.65. Indicators hint at a stretched trend, with the RSI at 60.86 nearing overbought, so some pause or profit-taking could emerge in the days ahead. He expects price action to stay within $2.65 support and $3.14 resistance, with further upside possible if momentum persists. "I am eyeing $3.14 as the next critical hurdle — if bulls clear it, ICP could surprise to the upside this week."

Earlier, analysts noted that Internet Computer had shifted into a period of short-term bearish pressure, with traders watching key technical levels for the next decisive move. The present analysis highlights a reversal with buyers regaining control, and participants should closely monitor the $2.65 support zone for signs of renewed momentum or potential fatigue in the coming sessions.

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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