ICP Steadies Near $3.28 After Double-Digit Intraday Spike

From $3.40 Back to $3.28

The Internet Computer (ICP) price told two stories in one session on Monday. The token climbed through the day and touched roughly $3.40, a double-digit percentage gain that made it one of the strongest performers among major altcoins, before settling near $3.28, still 1.2% higher over 24 hours. The spike put the native token of the Internet Computer, a network built to run applications on distributed hardware, back on the radar of several widely followed traders, and their commentary now shapes the debate over whether the move extends. The rally built through spot trading rather than a derivatives-led squeeze, a distinction that shapes how durable the move can be.

Lucky, an X account that reaches nearly two million followers, was among the loudest voices. In a post published during the rally, he argued the token has plenty of room left to run and set a target above $8, adding that the project carries “definitely one of the loudest and most passionate communities in crypto.” CW had mapped the trigger days earlier: a break above $3.39, he wrote in a separate post, would flip the chart back into bullish mode. Monday's climb delivered exactly that break. EliZ, a third commentator, said the price had tracked the earlier forecast to the letter and expects the next leg to carry the token beyond $4.

@LLuciano_BTC · X post

Argued.

View on X

The gap between those calls is the real question for readers of the tape. CW's scenario is now conditionally confirmed, since the $3.39 line has given way. Lucky's $8 projection and EliZ's $4 mark sit far above the market, and both depend on momentum that these prices have yet to test. What Monday did settle is direction: the token printed a double-digit climb while holding a 1.2% gain, a combination that leaves sellers without a clear entry and keeps the analysts' targets alive for now.

Our live monitoring puts the token at $3.28 as of publication, a touch below the $3.40 mark reached earlier in the session and about 0.3% under where it stood at 17:36 UTC, when the analyst posts began circulating. The composite scoring we maintain across indicators places the strongest resistance at $3.5638, a level scored 88 out of 100, with the nearest support at $3.1926, scored 85 out of 100; both bracket Monday's range. Leverage behind the move is modest: the perpetual funding rate reads 0.0027%, and open interest across contract trading venues totals about $24.5 million. The wider trend still registers as an uptrend even as short-term momentum cools, and the full level map sits on our ICP technical analysis page.

WIZZ's Q4 Call Meets the Record

WIZZ, a fourth analyst, made the seasonal case: the token, in his view, tends to perform well in the year's final quarter, and he said he holds exposure and does not plan to sell in the coming months. The history is less uniform than that claim implies, and the difference matters for anyone sizing an entry here. Internet Computer (ICP) closed the fourth quarter in the red three times over the last five years; the standout exception came in 2023, when the token rallied by more than 320% between October and December. Traders following WIZZ's position are therefore betting on the minority outcome unless this quarter breaks the pattern.

On-chain flow data offers the bulls a cleaner argument. Over the past several weeks, outflows from centralized venues have exceeded inflows, a pattern consistent with holders moving balances into self-custody and taking control of their private keys. Tokens that leave exchange wallets are, in the near term, tokens that cannot be sold quickly, which trims immediate sell pressure at precisely the moment the price tests higher ground. For anyone weighing custody choices, our overview of the best crypto exchanges covers the trade-offs between the two approaches. The rally also intersects a supply narrative some analysts track: recent reporting on Harvey AI's gross margin collapse reinforced ICP's compute-scarcity thesis, giving the token a demand-side story separate from the chart.

The distance that now defines the trade is simple. The token sits near $3.28, about 3.5% under the $3.40 high printed earlier on Monday and roughly 60% below the $8 target Lucky set. Momentum readings, measured by the relative strength index on a 0-to-100 scale where readings near or below 30 flag buying conditions and levels above 70 warn of corrections, currently sit just above the bullish midpoint, far from overheated territory. That leaves the quarter's direction to be settled by positioning rather than headlines.