Internet Computer (ICP) Rallies 60% From August Lows as Resistance Looms

Internet Computer (ICP) has seen a significant recovery, climbing approximately 60% from its August low of $2.05 to reach a recent high of $3.48. While the asset has maintained momentum above key price averages and increased trading activity, it currently faces resistance near the $3.50 level. Despite the price gains, social sentiment has cooled and dipped slightly below neutral, suggesting potential caution among traders. Market participants are now closely watching the $3.40–$3.50 range for a potential breakout, with $3.00 serving as a critical support level if the price pulls back.