ICP Breaks $7 Barrier Amid Strong Momentum and High Volume Surge

Internet Computer (ICP) extended its impressive rally on Thursday, soaring 33.99% to $7.02 and signaling a confirmed breakout above the key $7.00 resistance level. The move, supported by heavy trading volume and strong technical indicators, reflects growing investor confidence as the token continues to outperform broader market weakness, according to CoinDesk Research’s data model.

ICP’s rally began with a sharp climb from $5.26 to a session high of $7.20 — one of its strongest daily performances in months. The decisive break above $7.00 marks a pivotal psychological and technical shift, converting former resistance into a new support base. Market data shows that trading volume reached 19.57 million tokens, nearly triple the 30-day average, underscoring the intensity of market participation.

The most notable acceleration occurred between 14:00 and 17:30 GMT, when prices surged from $6.40 to $7.18 — a 12% intraday gain driven by rising volume and momentum confirmation signals. Analysts note that the consistent activity validates the breakout as a sustainable trend rather than a speculative rally.

While minor consolidation above the $6.95–$7.00 range may occur in the short term, the broader outlook remains bullish. With strong momentum and high-volume validation, ICP could continue its upward trajectory toward the $7.25–$7.40 range if the new support zone holds firm.

This powerful rally positions Internet Computer as one of the standout performers in the crypto market, attracting increased attention from traders and investors watching for continued strength.