Internet Computer (ICP) Continues Upward Trajectory With 16% Rally
Summary
Internet Computer (ICP) has gained 16% over the past week, attracting investor interest despite a broader market decline. A potential reversal could threaten this month's gains, particularly if ICP faces rejection at the $9.90 resistance level, which may push it below the weak $9.23 support. The relative strength index (RSI) indicates a possible pullback for ICP in the coming days. If the token stabilizes, it could break through the $9.64 resistance, targeting $11.41; otherwise, it may drop to $8.09. Network activity on ICP has surged over 5,000% in the past month, driven by the bob.fun blockchain, enhancing its use case as a secure compute layer.
