Internet Computer (ICP) has rallied 21% since May 4, driven by positive momentum in the broader cryptocurrency market and the AI sector. Bitcoin's recent test of the $82,000 mark and a 10% weekly gain have bolstered sentiment across altcoins, including ICP.
Despite the recent surge, ICP faces resistance around the $2.8 to $3.0 range, a level it has struggled to break since February. Traders remain cautious as the price structure suggests potential bearish reactions unless sustained demand pushes ICP beyond the $3 mark. The current market dynamics indicate a need for ICP to convert this resistance into support to maintain its upward trajectory.
Internet Computer Surges 21% Amid Bitcoin and AI Sector Gains
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