ICP Surges 35%: Analysts Predict $10+ as Internet Computer Enters Major Rally
Internet Computer (ICP) has surged by over 35% in the past month, reaching levels above $3.30 on Monday and Tuesday according to data from CoinGecko.
Despite still being far below its all-time high, many market observers believe this could be the start of a major rally.
X user CW has pointed out that ICP continues to show accumulation signals, with a pattern preceding previous gains repeating. They predicted an upward move following this accumulation.
The analyst also suggested that ICP has reached a specific buy wall zone and has a high probability of rebounding from current price levels.
JAVON MARKS argued that the altcoin has shown consistent strength, breaking out of a key Falling Wedge pattern. He predicted an over 208% move back to the $10 areas, with potential for even higher prices.
Nehal made a bold forecast, suggesting ICP's price could explode to $60, representing a roughly 1,560% increase from the current zone.
Recent exchange netflow data shows outflows have dominated inflows over the past several weeks, indicating investors are shifting to self-custody and easing short-term selling pressure.