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.
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The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year.
Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus.
Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses.
Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.
Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant.
The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year.
Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus.
Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses.
Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.
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