- ICP shows a repeating bullish pattern from 2023-2024, hinting at a major pump.
- Potential breakout above $6 could drive prices to $30-$35, mirroring ZEC and Dash.
- Current price at $5.229 with a 22.12% weekly gain signals strong momentum.
The cryptocurrency market is buzzing with anticipation as Internet Computer (ICP) shows signs of a potential major breakout, according to a recent analysis by CryptoBullet. The analyst highlighted a striking chart pattern suggesting that ICP might be repeating a bullish cycle seen in 2023 and 2024, but on a larger scale. With Bitcoin experiencing a downturn, ICP’s resilience is drawing attention, especially as it mirrors the pump patterns of altcoins like Zcash (ZEC) and Dash.
Currently trading at $5.229, ICP has surged 22.12% in the last week, fueling speculation of double-digit gains.The chart, shared by CryptoBullet, overlays historical price movements with marked cycles, indicating that ICP could be at a critical juncture. The analyst points to a recent crash being fully engulfed, a pattern that preceded significant pumps in previous years.
This technical setup, combined with a strong support level around $5, suggests that a breakout above key resistance could propel ICP toward higher targets, potentially reaching $30-$35 if it follows ZEC or Dash’s trajectory. The community response on X has been mixed, with some users predicting an even stronger pump, while others caution about market volatility.ICP’s momentum is under scrutiny.
The coin’s utility—powering computation through cycles, staking in the Network Nervous System DAO, and serving as a store of value—adds fundamental strength to the technical case. Investors are advised to watch the $6 resistance level closely, as a successful breach could confirm the bullish outlook. With the crypto market often driven by sentiment and technicals, ICP’s next move could set the tone for altcoin season. Stay tuned for updates as this story develops.
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.
