{"id":174249,"date":"2026-06-03T15:41:35","date_gmt":"2026-06-03T15:41:35","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=174249"},"modified":"2026-06-03T15:41:35","modified_gmt":"2026-06-03T15:41:35","slug":"internet-computer-icp-defies-the-crypto-carnage-can-it-explode-to-10","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=174249","title":{"rendered":"Internet Computer (ICP) Defies the Crypto Carnage: Can It Explode to $10?"},"content":{"rendered":"

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\u2019s Next?<\/h2>\n

Despite Bitcoin\u2019s 11% weekly plunge and Ethereum\u2019s 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\u2019s 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, \u201cwhile we hold above.\u201d<\/p>\n

JAVON MARKS noted<\/a> ICP\u2019s cross above $3, seeing a potential for a 220% explosion towards $10. Such a rise wouldn\u2019t 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\u2019s 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

\u201cRejection at resistance could send price back toward the $2-$2.50 support zone,\u201d they added.<\/p>\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<\/p>\n

Meanwhile, ICP\u2019s 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\u2019s RSI stands at around 62.<\/p>\n

<\/a>ICP RSI, Source: CryptoWaves<\/p>\n

\u00a0<\/p>\n

The post Internet Computer (ICP) Defies the Crypto Carnage: Can It Explode to $10?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

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. Internet Computer (ICP) is one of the few gainers, while certain analysts believe its valuation could reach much higher […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-174249","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/174249"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=174249"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/174249\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=174249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=174249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=174249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}