ICP Price Rally Hinges on Clearing Crucial Resistance Level

ICP price has been stuck near its 2026 lows, trading around $2.39 after spending much of the year inside a narrow $2.01-$2.85 range.

The broader crypto recovery has offered some relief, but ICP hasn’t exactly joined the party, staying below its weekly 20-EMA and keeping the larger trend bearish.

A sustained break above $2.85 would put the weekly 50-EMA near $3.15 next on the radar. From the current $2.39 level, a stronger continuation could eventually open the path toward $6.29, representing roughly 171% upside, while $9.84 would mark a roughly 315% move and align with the weekly 200-EMA.

Address data shows accumulation among smaller holders, but larger holders aren’t moving in lockstep. The tug-of-war between buying pressure from smaller holders and selling pressure from larger ones helps explain why ICP price hasn’t responded strongly despite improving broader market sentiment.