Internet Computer (ICP) surged nearly 34% in a single session, reaching US$ 7.02 in a sharp breakout above the US$ 7.00 resistance level. Accompanied by a dramatic volume spike, the move signals renewed bullish momentum distinct from the broader crypto market’s weakness.
The rally in Internet Computer (ICP) stands out: price jumped from roughly US$ 5.26 up to a peak near US$ 7.20, representing one of its most powerful daily moves in months. With the key psychological resistance at US$ 7.00 cleared, what was previously a ceiling has now been transformed into a potential floor—provided the market holds this breakout zone.
The trading volume was equally dramatic: around 19.57 million tokens changed hands during the session, approximately 288% above the 30-day average. This kind of volume surge adds confidence that the move is structurally meaningful rather than simply speculative. The most intense volume window occurred between 14:00 and 17:30 GMT, when price leapt from about US$ 6.40 to US$ 7.18 – a 12% intraday swing backed by accelerating momentum indicators.
Technically speaking, the breakout sets new near-term targets: the next resistance zone lies near US$ 7.25 to US$ 7.40, assuming the new support holds in the US$ 6.95-7.00 region. If ICP can stabilize above this level, it may confirm a trend shift and open the path for further upside. On the flip side, if the price fails to hold above US$ 6.95, the breakout could be questioned and a retreat or consolidation may follow.
Breakout confirmed: strong volume and technical support flip
Strategically, this surge offers a potential signal of renewed investor interest. In a market where many altcoins are lagging or consolidating, Internet Computer’s out-performance hints at selective buying and a pivot in sentiment for the network. That said, the broader crypto environment remains uncertain: macro pressures, regulatory risk and overall risk-asset sentiment could weigh on continuation.
To summarise: ICP’s 34% ascent and breakout above US$ 7.00, confirmed by heavy volume, suggests the asset may be entering a new phase of strength. The key now is whether the breakout holds and whether follow-through volume keeps building. If so, the token may well target the mid-US$ 7s zone next.
