Internet Computer Price Prediction: ICP’s V-shaped recovery rally under threat

Source Fxstreet
  • Internet Computer price has made multiple attempts at a bullish breakout, but all proved futile.
  • A breach of the $13.22 mean threshold is key for ICP, nearly 8% above current levels.
  • Another rejection could see the altcoin retest the $10.00 psychological level.

Internet Computer (ICP) price is pushing for a recovery rally and is about to complete a v-shaped. However, it faces overhead pressure from a supply zone.

Also Read: BNB, ICP, ARB, SEI: Four tokens unstirred by BTC dip as markets record largest altcoin liquidations in 2 years

Internet Computer price eyes 5% extension before possible rejection

Internet Computer (ICP) price is up 30% since the January 23 low of $9.52, pushing north, as part of a v-shaped recovery rally. However, the supply zone between $12.01 and $14.43 threatens the upside potential for ICP.

The Relative Strength Index (RSI) is northbound above the 50 level, suggesting rising momentum. Increased buyer momentum could see ICP price extend the gains to test the midline of the supply zone at $13.22, with a break and close above this level confirming the continuation of the intermediary trend.

Such a move could see the Internet Computer price extend north to convert the supply zone into a bullish breaker. This would be confirmed by a flip of the $15.33 resistance level into support.

In a highly bullish case, the gains could send the Internet Computer price reclaim the range high of $16.30, last tested on January 3. Such a move would constitute a 30% climb above current levels.

ICP/USDT 1-day chart

On the flipside, a rejection from the supply zone could see the Internet Computer price drop, with a possible retest of the $10.00 psychological level. In the dire case, the dump could see ICP roll over to the $8.79 support, nearly 30% below current levels.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold rebounds to $3,946 off $3,870 as oil does the Fed's work — but the ETF bid is still missingGold closed at $3,946, up 1.84% from a one-year low of $3,870.25, as Brent's 7.6% slide cut December hike odds to 77%. ETF holdings are still shrinking — a short-covering bounce, not new money.
Author  Irene Q.
Nov 03, Tue
Gold closed at $3,946, up 1.84% from a one-year low of $3,870.25, as Brent's 7.6% slide cut December hike odds to 77%. ETF holdings are still shrinking — a short-covering bounce, not new money.
placeholder
Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - November 5, 2026Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 5, 2026. Read on for the details.
Author  Mitrade
Nov 05, Thu
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 5, 2026. Read on for the details.
placeholder
Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - November 6, 2026Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 6, 2026. Read on for the details.
Author  Mitrade
Yesterday 01: 36
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 6, 2026. Read on for the details.
placeholder
Gold's $250 week runs into the last payrolls before DecemberSpot gold traded at $4,080.79 after a roughly 6% weekly rally from the Oct 30 low of $3,869.85, touching $4,146.63 on Nov 5. Three bids are stacked into the move: real-rate relief, record official-sector buying, and a geopolitical premium. Tonight's October payrolls (+65K consensus, 4.2% unemployment) decide which bid survives, with $4,000 and $4,200 as the two lines.
Author  Irene Q.
Yesterday 03: 03
Spot gold traded at $4,080.79 after a roughly 6% weekly rally from the Oct 30 low of $3,869.85, touching $4,146.63 on Nov 5. Three bids are stacked into the move: real-rate relief, record official-sector buying, and a geopolitical premium. Tonight's October payrolls (+65K consensus, 4.2% unemployment) decide which bid survives, with $4,000 and $4,200 as the two lines.
placeholder
Micron's $4.5 billion Taiwan fab won't make a chip until 2028 — the market sold it as a 2026 problemMicron fell 17.46% to $656.39 after Bloomberg reported construction at its $4.5 billion Taoyuan Fab 11E had all but halted over a labor dispute. The plant was not due online until 2028, so no 2026 output is lost. With FY27 EPS consensus near $160 and 2027 HBM sold out, the selloff is a peak-cycle multiple reset, not a demand collapse — and $650 is the line that separates the two.
Author  Irene Q.
Yesterday 03: 28
Micron fell 17.46% to $656.39 after Bloomberg reported construction at its $4.5 billion Taoyuan Fab 11E had all but halted over a labor dispute. The plant was not due online until 2028, so no 2026 output is lost. With FY27 EPS consensus near $160 and 2027 HBM sold out, the selloff is a peak-cycle multiple reset, not a demand collapse — and $650 is the line that separates the two.
goTop
quote