At a Glance
- Internet Computer (ICP) has risen almost 40% over the past week, reaching $4.78 on January 15, its highest level since late November 2025
- Analysts note the current rally appears driven by genuine demand rather than hype, with volume metrics supporting this view
- The asset’s RSI has climbed to 85, indicating potential for a short-term pullback despite bullish momentum
- Why it matters: Traders are weighing whether ICP can break through key resistance levels around $6 or face a correction after its rapid ascent
Internet Computer (ICP) has emerged as one of the cryptocurrency market’s top performers, posting gains of nearly 40% over the last week. The token reached $4.78 earlier today (January 15), marking its highest point since the end of November 2025, before retreating to around $4.30 for a 9% daily increase.
Volume Signals Genuine Interest
The current rally has caught analysts’ attention, with many arguing that the momentum appears sustainable. X user Alex (BCP) emphasized that the recent price movement “feels much more organic,” distinguishing it from previous hype-driven surges.
“Volume looks great – it’s not just hype and big accounts shilling ICP. It feels like real demand,” the analyst stated.
This assessment carries weight given ICP’s history of volatile price swings. The token’s surge to nearly $10 in November 2024 was short-lived, followed by an immediate and significant downtrend. Analysts are now questioning whether history might repeat itself or if the current rally has stronger fundamentals.
Technical Analysis Points to Further Gains
Several market observers have outlined potential price targets based on technical indicators. X user The Crypto Professor identified similarities between ICP’s current uptick and the rally witnessed two months ago, suggesting a move toward $9.50 could be replicated.
Other analysts have provided more conservative but still bullish projections:
- FOUR|Crypto Spaces predicted huge volatility in the short term with eventual突破 of $6
- Open4profit argued the token has completed its accumulation phase and is heading toward the supply zone around $5
“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,” Open4profit projected.
RSI Signals Potential Pullback
Despite the optimistic forecasts, technical indicators suggest caution may be warranted. ICP’s Relative Strength Index (RSI) has surged well above 70, indicating the price has risen too rapidly over a brief period and could be due for a correction.
As reported by News Of Los Angeles on January 14, the RSI metric has climbed steadily. Today (January 15), the index reached a fresh two-month peak of approximately 85, reinforcing the probability of a downward move.
Traders typically view RSI readings above 70 as overbought territory, while anything below 30 presents a buying opportunity. With ICP’s RSI at 85, the token appears primed for a potential pullback.
Market Context and Trading Activity
The broader cryptocurrency market continues its uptrend, providing a favorable environment for altcoins like ICP. The token’s recent performance has outpaced many of its peers, drawing increased attention from both retail and institutional traders.
Trading volumes have supported the price gains, with analysts noting that the current rally appears more sustainable than previous attempts. The combination of technical breakouts and increased fundamental interest has created a compelling narrative for continued upside.
However, the rapid pace of gains has also raised concerns about sustainability. Market observers are closely watching key resistance levels, particularly the $5 and $6 areas, to gauge whether ICP can maintain its upward trajectory.
Key Takeaways
ICP’s 40% weekly surge represents one of the cryptocurrency market’s most impressive performances, but traders must weigh several factors:
- The rally appears driven by genuine demand rather than speculation
- Technical analysts see potential for further gains toward $6 and potentially higher
- RSI indicators suggest the token is overbought and could face a correction
- Historical patterns show ICP’s previous rallies have been followed by sharp declines
The coming days will likely determine whether ICP can break through key resistance levels or if profit-taking will drive prices lower. With the RSI at extreme levels, traders should prepare for potential volatility in either direction.
