- Internet Computer (ICP) breaks a key trendline, signaling potential momentum shift and bullish continuation on the hourly chart.
- Continued trading at a good level of above $3.10 is building confidence with a subsequent resistance being projected at between $3.40 and $3.50.
- Increasing trading volume and stable supply structure indicate growing participation and controlled market recovery.
Internet Computer (ICP) is showing new technical strength following a breakout above a downtrendline, which suggests a turn to bullish continuation. Price recovery is warranted by rising trading volume and improving structural stability in market indicators.
ICP Breaks Trendline Resistance, Eyes Bullish Continuation
A recent chart shared by ZAYK Charts (@ZAYKCharts) on the 1-hour timeframe shows Internet Computer (ICP/USDT) breaking out of a descending trendline, suggesting a possible short-term reversal. This move comes after a sustained phase of lower highs, where bearish pressure controlled the market.
The descending resistance line, drawn from the previous swing high near $3.75, has acted as a ceiling for several sessions. As ICP begins to trade above this structure, the move reflects a change in momentum around the $3.05–$3.10 region. Early buying activity near these levels indicates the presence of accumulation after weeks of compression.
This trendline breakout forms the technical foundation for a potential bullish expansion. ZAYK Charts identifies the target zone between $3.40 and $3.50 as a logical resistance region, where prior liquidity could attract new price movement. The breakout candle’s close above resistance, if sustained with volume, confirms growing market conviction.
Volume Expansion and Strengthening Market Structure
Supporting this technical setup, CryptoPRO reports ICP trading near $3.13, a 3.93% gain in 24 hours. The price increase is accompanied by the growth of the daily volume by 14.83% to $61.94 million and a market cap of $1.69 billion. This balanced growth reflects both rising participation and controlled accumulation within the current price structure.
The volume-to-market cap ratio of 3.63% indicates active trading without signs of speculative excess. With most of the total 539.32 million ICP tokens already in circulation, dilution risk remains low. This gives ICP a stable supply profile, an important factor for traders assessing mid-term price behavior.
CryptoPRO further notes that ICP’s breakout from a falling wedge pattern reinforces this structural recovery. The wedge, often seen near the end of corrective trends, aligns with the breakout identified by ZAYK Charts, suggesting the start of a coordinated bullish phase driven by technical and market-based strength.
Short-Term Outlook and Price Validation Levels
From a structural view, ICP has repeatedly tested the $2.90 support zone, forming a stable base during consolidation. This range provided a foundation for accumulation before the breakout took place. The market’s ability to hold this support confirms a clear transition from distribution to accumulation.
If ICP maintains its position above $3.10, the next phase targets the $3.40–$3.50 resistance band. The projected move represents an estimated 9–11% upside from current levels, aligning with ZAYK Charts’ measured wave target. Sustained strength above the breakout zone would likely trigger higher lows — an early sign of an emerging bullish cycle.
Together, both analyses suggest that ICP is entering a constructive recovery period. The combination of trendline breakout, rising volume, and support retention builds a framework for potential continuation. As long as structure holds above $3.00, the market shows readiness for a controlled advance toward the next resistance levels.
