While the altcoin market experiences a significant correction, the price of Internet Computer (ICP) has recorded a surprising surge. Since the beginning of the month, ICP’s market value has grown by over $1 billion. This has fueled growing interest in bullish Internet Computer Price Prediction. This 75% rise sharply contrasts with the general market trend. Most digital assets are suffering steep sell-offs. These sell-offs are influenced by the prolonged U.S. government shutdown and fears of slowing economic growth.
ICP’s resilience is particularly noteworthy. This is because its price had hit an all-time low last month. However, Internet Computer has found new relevance in this market cycle. The current cycle is led by institutions. Institutional applications require platforms with web speed and scalability. Additionally, they need manageable computing costs. The current narrative positions Internet Computer as a direct competitor to web service providers like AWS. It acts as a bridge to bring institutions’ operations and applications on-chain.
The recent update to ICP 2.0 has further strengthened this value proposition. It introduced Caffeine, an AI-powered app builder. It also features Internet Identity 2.0 for decentralized authentication. Likewise, it has expanded cross-chain interoperability and improved deflationary tokenomics.
How far can ICP go with its recent momentum?
ICP’s notable price surge occurred after invalidating a month-long descending triangle pattern. This is typically a bearish setup that threatened to extend its downtrend. However, ICP broke upward. This bullish move has also triggered the breakout of a broader year-long descending channel pattern. Nevertheless, current momentum suggests a probable near-term cooldown phase.
The MACD histogram has seen its quickest rise since the late-2024 bull market. This could open the door to a sell-off. On the other hand, the RSI hovers near the 70 overbought threshold. This hints at potential buyer exhaustion. A correction seems to be the natural next step. This would allow early investors to take profits. It would also allow late entrants to minimize losses. A short-term bottom is likely to form around the $4.20 demand zone.
Despite the potential short-term correction, if the channel breakout fully plays out, ICP could climb another 90%. This would take it towards $10. Given the growing market attention and institutional narrative momentum, a retest of 2024 highs at $16 (a 200% increase) remains a real possibility. Platforms like ICP are fundamental in the accelerated shift from Web2 to Web3.
