The Internet Computer (ICP) price has surged sharply today, climbing 18% and hitting a recent high around $3.06, up from $2.64. The move has stood out in a broader market that has largely traded flat, with most major cryptocurrencies showing limited directional strength. Trading activity has also accelerated, with daily volume jumping significantly as the ICP price broke through key technical levels. The rally has developed in clear phases, starting with a strong rebound from the $2.24 support area, followed by a breakout above the $2.90 level, which had previously acted as a ceiling during multiple failed recovery attempts. AI narrative shift and volume-driven breakout fuel momentum One of the strongest drivers behind the recent price acceleration has been a renewed rotation into artificial intelligence-themed crypto assets. Internet Computer, alongside Worldcoin and Fetch.ai, has seen huge capital inflows as the flow shifts toward projects tied to AI infrastructure and computation narratives. This rotation has coincided with a sharp increase in trading activity, which has surged by more than 170%, reaching approximately $236 million in 24 hours during the breakout phase. That level of participation is typically associated with conviction moves rather than short-lived speculative spikes. On-chain activity and market structure strengthen the trend Beyond price action, ICP has also gained attention for its network activity. The Internet Computer has recorded around 6.5 billion transactions over a 30-day period, exceeding Solana’s reported 2.9 billion transactions in the same timeframe. This positions ICP as one of the most active blockchain networks in terms of raw transaction throughput, highlighting sustained usage rather than purely speculative trading. This level of activity is tied to its architecture, which allows parallel processing across subnets. The result is a system capable of handling large-scale computation without the congestion typically seen on other networks during periods of high demand. Despite this activity, ICP’s price has remained far below its historical peak of $700.65 reached in May 2021. The current recovery still places it more than 99% below that level, leaving significant room between network usage trends and market valuation. Momentum indicators are showing signs of strength without reaching overheated conditions. The Relative Strength Index (RSI) sits around 57, which suggests that the market is neither overbought nor oversold. This leaves room for continuation if volume remains supportive. Internet Computer price forecast The price action above $2.90 has now turned that level into short-term support, which traders are watching closely to determine whether the trend continues or pauses. At the same time, technical indicators have strengthened. Across 23 tracked oscillators and moving averages , ICP is showing a strong bullish bias, with 11 buy signals compared to just 2 sell signals. The asset is also trading above four of its five key short and mid-term exponential moving averages (EMAs), including the 10-day, 20-day, 50-day, and 100-day EMAs. The only major lagging indicator remains the 200-day EMA, which still sits above current price levels and represents a longer-term resistance ceiling. ICP price analysis ICP is now trading in a clearly defined technical structure with multiple key levels shaping short-term direction. The immediate resistance sits at $3.25. A confirmed daily close above this level would signal continuation of the current breakout phase and open the path toward $3.60–$3.62, which is the next major resistance zone based on recent price structure. If bullish momentum continues beyond that area, the next significant barrier is located at $4.07, a longer-term resistance zone where previous upward attempts have historically stalled. On the downside, support is now anchored around $2.90, which marks the breakout point of the recent move. Below that, stronger structural support is located between $2.67 and $2.58. A deeper breakdown would bring $2.43 into focus as a critical bottom level, with a failure below that zone potentially signalling a broader trend reset. The post Here’s why the Internet Computer price just went parabolic appeared first on Invezz
