'Volume looks great - it's not just hype and big accounts shilling ICP. It feels like real demand,' one analyst stated.
"Volume looks great - it's not just hype and big accounts shilling ICP. It feels like real demand," one analyst stated.Its price has risen by almost 40% over the last week, with some analysts arguing that the rally might be just starting.
Earlier today , ICP climbed to $4.78, the highest point since the end of November 2025. In the following hours, it lost some steam and currently trades at around $4.30 , a 9% increase on a daily scale.Its solid performance has drawn analysts’ attention, with many of them claiming there is still fuel left for additional gains. X user The Crypto Professorsimilarities between ICP’s recent uptick and the one witnessed two months ago. Back then, the price surpassed $9.50, leading the market observer to suggest a similar move could be ahead. It is important to note that the asset’s pump to almost $10 in November last year was short-lived, immediately followed by a significant downtrend. However, X user Alex “Volume looks great – it’s not just hype and big accounts shilling ICP. It feels like real demand,” he opined.“Once price is able to trade above the zone, upside movement will become dominant, and we could see a test of the $6.15 resistance area,” they projected.Contrary to the optimistic forecasts, ICP’s Relative Strength Index suggests that a short-term pullback is also a plausible option. Ason January 14, the metric surged well above 70, indicating that the price has increased too rapidly over a brief period and could be due for a correction.Today , the index rose to a fresh two-month peak of approximately 85, reinforcing the probability of a downward move. Conversely, traders view anything below 30 as a buying opportunity.Dimitar got interested in cryptocurrencies back in 2018 amid the prolonged bear market. His biggest passion in the field is Bitcoin and he was fascinated with its journey. With a flair for producing high-quality content, he started covering the cryptocurrency space in late 2018. His hobby is football.
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