Haciyev Reşit 
Internet Computer (ICP) has continued its notable rally in the crypto market in recent days, once again attracting strong investor interest. After a long period of consolidation and sideways price action, ICP has staged a powerful recovery, rising consistently over the past few days. This surge has allowed ICP to stand out in the broader market, especially during periods when Bitcoin has experienced short-term pullbacks. With rising trading volume and increasing investor participation, ICP has emerged among the top daily gainers, signaling the potential for higher highs and higher lows in the short term.
Main Reason Behind ICP’s Price Increase
The primary catalyst behind ICP’s price surge is the Mission 70 whitepaper published by DFINITY. Released on January 13, 2026, this document outlines a dual strategy aimed at reducing ICP inflation by at least 70% by the end of the year. On the supply side, reforms are expected to account for 44% of the total reduction, including adjustments to voting rewards, node provider rewards, and reward pools. On the demand side, the strategy focuses on increasing network usage through on-chain applications and new cloud engine products.
Investors believe the Mission 70 strategy will significantly reduce token supply and have a positive long-term impact on price. These expectations have driven higher market participation and trading activity, with ICP’s 24-hour trading volume rising to nearly $600 million. This sharp increase in volume reflects growing investor confidence and strengthening short-term momentum, increasing the likelihood of ICP testing higher levels in the coming days.
Technical Analysis: Resistance and Support Levels
ICP’s recent recovery began from around the $3 low and has pushed the price to approximately $4.5, representing a gain of nearly 50% in a short time. Weekly charts indicate that ICP is consolidating just below a critical supply zone between $4.8 and $5.9. A clean breakout above this range would be an important signal for the sustainability of the uptrend.
Momentum indicators support the bullish outlook: the MACD points to continued upside momentum, while the RSI reflects increasing demand and buying pressure. These technical signals suggest ICP could continue its rally by forming higher highs and higher lows.
ICP’s Market Performance and Daily Gains
Over the past 24 hours, ICP has surged by more than 25%, closing its second consecutive session in positive territory. According to CoinGecko data, ICP ranked at the top of the daily performance table among the top 100 cryptocurrencies. While this rise aligns with broader market movements, ecosystem-specific fundamental developments have further strengthened investor confidence.
Evaluation
ICP’s recent rally is strongly supported by the Mission 70 reforms and the sharp increase in trading volume. Reduced supply and rising demand are reinforcing price action in the short term. The key resistance zone lies between $4.8 and $5.9; a break above this area could open the door for a move toward the $10 target. For investors, the key takeaway is that improving supply–demand dynamics and growing network usage are major factors driving ICP’s price higher in the near term.
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