Internet Computer has spent the better part of the past two years trading inside a steep descending channel, with every recovery attempt eventually giving way to another lower high. Even today, the ICP price remains stuck near $2.5, a fraction of its previous cycle highs, despite showing signs of stabilizing in recent weeks.
ICP sees double-digit gains as the crypto market suffers $53B in outflows.
Bitcoin has fallen below the $70,000 mark, declining approximately 12% over the past two weeks. Despite the broader cryptocurrency market correction, several leading AI-focused crypto tokens have delivered impressive gains, signaling a growing investor shift toward decentralized artificial intelligence infrastructure.
Internet Computer (ICP) is beginning to attract renewed market attention after a surprising blockchain activity milestone pushed the network back into crypto conversations.
AI narrative, technical breakout, short liquidations and network activity power ICP toward the $3 mark.
Stellar (XLM), up 1.7%, joined Internet Computer (ICP) as a top performer.
ICP's rejection from just above the $4 level lined up with the higher timeframe bearish swing structure.
Internet Computer price extended its explosive rally this week, climbing nearly 70% over the past seven days as investors increasingly bet on the project's push into decentralized cloud infrastructure and AI-focused blockchain services. According to data from crypto.
Bear market rallies can brainwash participants into thinking the bull market is here again.
The Bitcoin momentum and narrative strength around sectors such as AI has helped ICP post substantial gains recently.
NEAR Protocol (NEAR) joined Internet Computer (ICP) as a top performer, climbing 8.9% from Tuesday.