Internet Computer Rises 60.4% as Market Views Split on $10 Target

Internet Computer (ICP) climbed above $3.30 on Monday and Tuesday, extending a 60.4% gain in just under two months as market views split over whether the token can reach $10.

ICP rose to $3.32 at 2:13 a.m. ET (06:13 UTC) Sept. 29, gaining 7.44% over four hours and 8.21% over 24 hours. Its market capitalization was approximately $1.8 billion.

The latest move extends ICP’s recent advance to $3.32, following a broader recovery that has outpaced Bitcoin (BTC), Ether (ETH) and XRP over the past four weeks.

Bullish market commentary has focused on a falling wedge that preceded the latest move and a possible advance toward the $10 area. Other commentary has described accumulation signals and a potential upward phase after the recent consolidation.

A separate bullish view has characterized ICP’s underlying technology as unusual and placed a much higher long-term price target at $60. Those projections remain commentary rather than confirmed outcomes.

The outlook is not uniform. Bearish analysis has identified a rising wedge, a pattern in which prices may pull back after a rally. A break below support could deepen the decline, while a move back above resistance could restore bullish momentum.

Exchange netflows have favored outflows over inflows in recent weeks, meaning more ICP moved away from centralized exchanges than onto them during that period.