{"id":44335,"date":"2026-06-03T15:53:19","date_gmt":"2026-06-03T15:53:19","guid":{"rendered":"https:\/\/financialrush.com\/?p=44335"},"modified":"2026-06-03T15:53:19","modified_gmt":"2026-06-03T15:53:19","slug":"internet-computer-icp-defies-the-crypto-carnage-can-it-explode-to-10","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=44335","title":{"rendered":"Internet Computer (ICP) Defies the Crypto Carnage: Can It Explode to $10?"},"content":{"rendered":"

\n<\/p>\n

Trying to spot a leading cryptocurrency whose price remains in green territory on a weekly scale is not an easy task given the major collapse that the broader market has experienced over the past several days.<\/p>\n

Internet Computer (ICP) is one of the few gainers, while certain analysts believe its valuation could reach much higher levels soon.<\/p>\n

What’s Next?<\/h2>\n

Despite Bitcoin’s 11% weekly plunge and Ethereum’s 10% drop, ICP is up 3% over the same period and currently trades just north of $3. Its market capitalization has risen to almost $1.7 billion, making it the 53rd-largest cryptocurrency.<\/p>\n

Among the main reasons for the ascent is the advancement related to the Internet Computer ecosystem. The popular X account BSCN revealed<\/a> that the protocol has processed 7.2 million transactions in the last month, more than any other chain. Solana comes in second with less than 3 million.<\/p>\n

ICP’s positive performance has drawn the attention of traders and analysts, prompting a wave of optimistic predictions. X user Crypto Tony, for instance, argued<\/a> that a reclaim of $3.15 could open the door to a long position up to $3.50 and $4, “while we hold above.”<\/p>\n

JAVON MARKS noted<\/a> ICP’s cross above $3, seeing a potential for a 220% explosion towards $10. Such a rise wouldn’t be unprecedented for the asset, since in its early days it briefly hovered beyond $400.<\/p>\n

Prior to that, X user Nehal also gave their two cents. The analyst observed<\/a> ICP’s price trajectory to estimate that a confirmed breakout above the descending resistance around $4.50-$5 could trigger a substantial rally toward $8-$12, with $16+ possible if momentum accelerates.<\/p>\n

\n

“Rejection at resistance could send price back toward the $2-$2.50 support zone,” they added.<\/p>\n<\/blockquote>\n

Abandoning Exchanges<\/h2>\n

The recent shift from centralized trading venues toward self-custody methods reinforces the bullish forecasts mentioned above. According to CoinGlass, exchange outflows have outpaced inflows in recent days, indicating that investors are in no rush to sell their holdings.<\/p>\n

<\/a>
ICP Exchange Netflow, Source: CoinGlass<\/figcaption><\/figure>\n

Meanwhile, ICP’s Relative Strength Index (RSI) remains in neutral territory but has been gradually nearing overbought levels, which usually precede a price correction. The technical analysis tool measures the speed and magnitude of recent price changes, with values ranging from 0 to 100. Ratios above 70 signal that a correction could be on the way, while anything below 30 is considered a buying opportunity. As of press time, ICP’s RSI stands at around 62.<\/p>\n

\"ICP<\/a>
ICP RSI, Source: CryptoWaves<\/figcaption><\/figure>\n

 <\/p>\n

The post Internet Computer (ICP) Defies the Crypto Carnage: Can It Explode to $10?<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
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