- Internet Computer price hits monthly high on crossing $5.75 resistance confluence, now acting as support.
- Upbeat RSI backs resistance breakout, boosting ICP/USD bulls toward 200-day EMA
- Two-month-old support line holds steady, providing a floor for ICP prices.
Internet Computer (ICP/USD) jumps over 6.0% intraday, reaching its highest level in a month near $6.00 during Monday’s US session. The surge comes after a successful breakout above the convergence of the 100-day Exponential Moving Average (EMA) and a downward-sloping trend line from February.
The 14-day Relative Strength Index (RSI) remains upbeat—above the 50.00 mark but still below the overbought threshold of 70.00—while the Moving Average Convergence and Divergence (MACD) indicator shows a bullish crossover, supporting further ICP/USD upside.
However, the rally may face headwinds as the 200-day EMA stands in the way, potentially capping additional ICP gains for now.
ICP/USD: Daily chart points to limited upside room
Source: Tradingview
Internet Computer (ICP/USD) buyers celebrate a strong breakout above the key $5.75 resistance confluence—now turned support—which included the 100-day EMA and a four-month-old descending trend line. This breakout is backed by bullish MACD signals and an upbeat RSI, pointing to further gains toward the 200-day EMA resistance level near $6.55.
However, the path beyond $6.55 looks challenging, as multiple mid-February highs near $7.40–$7.50 may cap the ICP upside. That said, a clear break above this zone could open the door to $8.10 and $9.60, levels seen in late January, before testing the psychological barrier at $10.00.
On the downside, any meaningful pullback appears limited above the $5.75 resistance-turned-support. If that level fails, April’s high at $5.37 and the $5.00 round figure will be the next support levels to watch for the ICP sellers.
Below that, a two-month-old rising trend line around $4.78 may act as the last major support for the bulls. A breakdown here could shift control to the bears, exposing the yearly low at $4.22.
Overall, ICP/USD is well-positioned to test the 200-day EMA, but further upside will likely depend on strong fundamental catalysts to revisit early 2025 highs.
