Internet Computer price just delivered a remarkable performance that has grabbed the market’s attention. Within the past day, the ICP price surged by 13.1% to $5.79, nearly doubling over the past week with an outstanding 93.13% rally. Amid a spike in market cap to $3.12 billion and $678.4 million in 24-hour trading volume, ICP blasted through persistent technical resistance.
This rally did not happen in isolation. Three key catalysts are at play, a classic technical breakout and excitement surrounding the Caffeine AI platform. And also, a surge in leveraged futures demand. With momentum at its back, ICP now stands at a critical technical crossroads that could define its next move.
ICP crypto price has stormed past the multi-month descending trendline that capped its upside potential for weeks on end. The breakout above the $5.20 to $5.40 resistance zone triggered a sequence of rapid gains. Thereby, pushing the token to an intraday high of $6.19. Currently, ICP trades at $5.79, maintaining solid gains after briefly dipping to $4.74.
From a technical standpoint, the MACD histogram flipped positive with a reading of +0.33. The 7-day RSI shot up to 85.2, highlighting extremely strong conviction among buyers. Despite short-term pullbacks, the breakout remains valid as long as the ICP price holds above the prior resistance, now likely to act as support around $5.20–$5.40.
The next area that traders will be watching closely is the $6 range, which lines up with the next push higher. If ICP manages to close a daily candle above $6.10, technicals suggest room for a continued climb toward $7.80, a target visible on the chart. On the downside, support comes in at $4.72 and $4.05, followed by last week’s pivot level at $3.37.
ICP’s breakout above a multi-month trendline and the $5.40 resistance level unleashed strong bullish momentum. This rally got a boost from the much-anticipated launch of the Caffeine AI platform and high-volume leveraged trading.
The RSI recently touched 85.2, which shows very strong upside momentum and possible overbought territory.
A daily close above $6.10 could confirm a continued move toward the $6.50 zone. If bulls keep the pressure on, the $7.80 target is the next major level on their radar.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Bitcoin (BTC) price has entered November on a cautious note, trading around $103,000 after failing…
The crypto market just faced one of its sharpest shocks in months. Bitcoin briefly fell…
The crypto market is flashing green again after yesterday’s crowd-driven sell-off, signaling a swift shift…
1inch stunned the market with a sharp 19.46% price jump in just 24 hours, building…
Ripple just made one of its biggest moves yet in bringing blockchain to everyday finance.…
November 6, 2025 08:16:47 UTC Bitplanet Expands Bitcoin Holdings to 185 BTC Worth $21.65M Bitplanet…
