ICP surged 33.99% in a single session to reach US$ 7.02, marking a decisive breakout above its key resistance level and signalling renewed bullish momentum backed by exceptional trading activity.
Internet Computer’s rally stands out amid a broad crypto market that has otherwise been cautious. The token climbed from approximately US$ 5.26 to US$ 7.02, one of its strongest daily performances in months. The milestone breakout above the US$ 7.00 threshold marks a psychological and technical turning point, transforming what was previously a resistance area into potential support.
Trading volume spiked dramatically — about 19.57 million tokens changed hands, which is roughly 288% above the 30-day average — underscoring that the move isn’t just speculative noise but rather has structural validation. The most intense volume burst occurred during the 14:00–17:30 GMT window, when the price jumped from about US$ 6.40 to US$ 7.18, a sharp intraday rise.
Technically, ICP breaking above US$ 7.00 shifts the outlook: now the next extension targets fall in the US$ 7.25–US$ 7.40 zone, assuming the breakout holds and support consolidates. A retest of the breakout level (US$ 6.95–7.00) may occur as part of a healthy consolidation phase before a move higher. The momentum indicators also suggest strength: given high volume and price acceleration, the breakout qualifies as more than a squeeze-move.
Breakout dynamics, volume surge and the next technical targets
However, despite the strength, risks remain. Any drop back below the breakout zone could invalidate the move and signal another failed attempt. Macro headwinds, broader market weakness or token-specific developments could dampen enthusiasm.
For participants, the key is watching whether the new support holds at or just above US$ 7.00 and whether follow-through volume persists.
In summary: ICP’s explosive breakout above US$ 7.00, combined with unusually high volume, suggests a possible trend change — if confirmed, the token could be poised for further upside.
