Internet Computer Secures Bullish Pattern with $4.72 Acting as Launchpad for Next Rally

Internet Computer (ICP) Rebounds as Key Support Holds, Eyes Upside Potential

Internet Computer (ICP) climbed roughly 1% on Tuesday, recovering from early selling pressure and signaling renewed confidence among traders.

The token dipped in the early European session but found solid footing near $4.72, which acted as a strong support level and a pivot for fresh buying interest, according to CoinDesk Research’s technical analysis.

Following the bounce, ICP stabilized above $4.72 and pushed modestly higher, indicating that traders are accumulating positions and anticipating further gains.

Trading volumes increased during the rebound, pointing to possible institutional activity and heightened interest around the critical support zone. The absence of aggressive selling after the recovery suggests ICP’s price structure remains solid despite broader market volatility.

With bullish technical signals forming and resistance levels appearing manageable, ICP could be poised to retest recent highs if market sentiment continues to improve. Analysts now see the $4.72 zone as a crucial base for potential upward moves.

Technical Highlights

• ICP rose 1% on the day, reversing early losses.
• The $4.72 level emerged as firm support amid high trading volumes.
• Buyers defended support aggressively, reflecting confidence in the asset.
• Short-term resistance levels were cleared without significant pullbacks.
• Technical indicators hint at further upside potential for ICP.

About The Author

ctleditor

See author's posts