ICP Primed for Explosive Rally: Technicals Signal Bullish Reversal Targeting $6–$10 Range

Internet Computer Protocol just flipped the script—technical indicators scream bullish reversal after months of sideways action.

The Setup

ICP's chart patterns reveal what seasoned traders call a classic accumulation phase. Key resistance levels shattered like glass while volume metrics confirm institutional money flowing back in.

Price Targets Activated

Current momentum suggests the $6 barrier won't just break—it'll vaporize. The $10 psychological level becomes the next logical stop, though traditional finance analysts will probably call it 'irrational exuberance' right up until it happens.

Market Mechanics at Play

Short positions are getting squeezed while long-term holders refuse to sell at these levels. The combination creates rocket fuel for the next leg up—proving once again that crypto markets move faster than Wall Street's ability to understand them.

Bottom line: When the charts talk this clearly, even the most cynical traders listen. Though your traditional financial advisor would still tell you to buy bonds instead.

ICP Accumulation Zone Targets $6–$10 Upside

The crypto analyst, @DonaldsTrades, highlighted that ICP has been in a prolonged downtrend, clearly defined by the descending trendline that the price has respected for weeks. Recently, price action has flattened, and the breakdown momentum has cooled. This structural shift suggests selling pressure is weakening.

The chart shows the price currently around $3.97, sitting just above the prior liquidity sweep and forming what appears to be a potential bottoming structure. A well-defined accumulation zone between $3.70 and $4.40 has formed, marked by tight sideways movement and reduced volatility.

This area shows buyers absorbing supply while preventing further downside. The blue box liquidity wick beneath this zone reinforces the idea that a capitulation event may have occurred. Price continues to compress within this range, often a precursor to strong directional expansion.

If the price breaks convincingly above the accumulation range, there are a number of targets that the chart identifies as possible. The first area of resistance is approximately $4.40 to $4.60, and targets mid-range levels of $6.00 to $7.00, where previous range-bound reactions lie. The main target, if price continues to make good gains, is the strong area of resistance at $10.00.

Binance Data Highlights Growing ICP Confidence

Recent data from Binance shows that the cumulative long position of the top traders on the platform is significantly increasing. The long/short accounts ratio and long positions ratio of the accounts have continually moved upwards, implying that the traders’ confidence in the positive price movement is improving. The long position of the traders implies that they feel that the market is going to favor them.

The charts indicate strong green bars of increasing long positions from the open market, illustrating that the trend for Leveraged long positioning is clearly positive. This type of market trend is typically a result of positive sentiment or market catalysts that become a basis for positive speculation. It is possible that if this trend of long accumulation continues, the liquidity dynamics of the market could shift.