• ICP’s 17% gain reflects relative strength amid a broader altcoin decline.

• Open Interest rose 20% in 24 hours, indicating growing trader interest.

• Trading volume hit $858 million, supported by negative Funding Rates that suggest a short squeeze.

Discover why Internet Computer ICP is rallying 17% on November 18, 2025, and its path to $9.8. Explore key indicators and market dynamics driving this surge—stay ahead in crypto trading today.

What is driving the Internet Computer ICP price rally?

Internet Computer ICP experienced a significant 17% price increase on November 18, 2025, fueled by heightened demand and favorable market indicators. As of the time of writing, the daily trading session remained open, with volume reaching $858 million, underscoring robust buying activity. This surge highlights ICP’s resilience compared to other altcoins facing declines.

How has the short squeeze impacted ICP’s momentum?

The recent price action in Internet Computer ICP points to a classic short squeeze scenario. Data from Coinalyze reveals a 20% rise in Open Interest over the past 24 hours, coupled with a negative Funding Rate despite climbing prices. This discrepancy arose from market pessimism during the retest of the $5.5 resistance level, leading traders to build short positions. As prices pushed higher, these positions became untenable, forcing liquidations that amplified the upward momentum. According to TradingView analysis, the spot Cumulative Volume Delta (CVD) showed steady demand accumulation, reinforcing the bullish trend. Experts note that such squeezes often propel assets like ICP toward key resistance levels, potentially reaching $9.8 in the near term if demand persists. Short sentences underscore the data: Open Interest growth signals confidence, while negative funding highlights overcrowding on the bearish side.

Source: Internet Computer Today on X

Internet Computer’s gains stood out against peers like Binance Coin and Solana, which posted losses. This relative strength, backed by On-Balance Volume (OBV) metrics from TradingView, indicates accumulating buying pressure that could sustain the rally.

Source: Coinalyze

The elevated trading volume of $858 million on November 18, 2025, further corroborates this demand. Market participants who anticipated a dip to $4.3 based on Fibonacci retracement levels from the earlier November rally were caught off guard by the swift reversal.

Frequently Asked Questions

Why might ICP reach $9.8 soon after its November 18 rally?

Internet Computer ICP’s bullish structure, evidenced by flipped resistance at $5.5 and rising OBV, supports a move toward the $9.8 local high. Coinalyze data on increasing Open Interest and spot CVD indicates sustained demand, likely propelling prices higher in the coming weeks without immediate downside risks.

Is the ICP price drop below $5.5 likely after the recent surge?

No, the $5.1-$5.5 demand zone has held firm, transforming prior resistance into support. TradingView charts show a bullish 4-hour momentum, making a drop to $5 or lower improbable this week, as volume and structure favor upward continuation.

Key Takeaways

• ICP’s outperformance: A 17% gain on November 18, 2025, outpaced altcoins like BNB and SOL, driven by $858 million in volume.
• Short squeeze dynamics: Negative Funding Rates and 20% Open Interest growth from Coinalyze data amplified the rally from $5.5 resistance.
• Bullish target outlook: With flipped demand zones and OBV support, ICP eyes $9.8; monitor for sustained volume to confirm.

Source: ICP/USDT on TradingView

Fibonacci levels aligned with October’s resistance at $4.3, but the bounce avoided a deeper retracement, buoyed by broader market sentiment. The 1-day chart from TradingView confirms a swing high reversal, with confluence supporting further gains.

Source: ICP/USDT on TradingView

On the 4-hour timeframe, the bullish structure solidified, with the $5.5 zone now acting as support. This flip reduces the likelihood of a pullback, positioning ICP for continued appreciation.

Conclusion

The Internet Computer ICP price rally on November 18, 2025, exemplifies resilient momentum amid altcoin volatility, backed by high volume and short squeeze indicators from sources like Coinalyze and TradingView. As demand zones hold and Open Interest climbs, the asset’s path to $9.8 appears viable. Investors should track these metrics closely for ongoing opportunities in the evolving crypto landscape.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.