- ICP price surged after WordPress launched fully on-chain
- Whale wallets increased accumulation during the breakout rally
- Analysts now watch $4.50 as the next major resistance zone
Internet Computer token surged after a major ecosystem update pushed traders back into the market. ICP price climbed nearly 35% to touch $4 before cooling near $3.70. Analysts now believe higher prices remain possible as long as the $2.78 support zone holds. Whale accumulation and a technical breakout above the 200-day EMA are also strengthening bullish momentum around the asset.
ICP Price Breakout Follows WordPress Integration News
The latest ICP price rally started after Dfinity announced that WordPress can now run fully on the Internet Computer blockchain. According to the update, the deployment includes the frontend, database, caching system, and admin functions operating entirely on-chain.
That announcement quickly shifted sentiment. Traders responded by pushing ICP price sharply higher from the $2.30 region. The token has now gained roughly 70% during the broader recovery phase.
Technical analysts are closely watching the recent breakout above the 200-day EMA band. That level previously acted as long-term resistance. The move now suggests buyers are regaining control after months of weakness.
More Crypto Online also noted that ICP reached the projected target zone between $2.98 and $3.64. However, the analyst believes another upward wave remains likely if the $2.78 micro support level continues holding.
Whale Accumulation Supports Bullish ICP Price Structure
On-chain data shows larger investors have quietly increased exposure during the rally. Wallets holding between 10,000 and 1 million ICP tokens have reportedly accumulated more coins throughout May.
Meanwhile, smaller wallets reduced holdings during the same period. That divergence often signals institutional-style positioning rather than retail speculation.
The improving structure has traders monitoring the next resistance near $4.50. A successful breakout above that zone could open the path toward the psychological $7 target before the first half of 2026 ends.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
