As the broader crypto market pauses to digest recent gains, Internet Computer (ICP) is showing standout strength. This is often a sign that liquidity is rotating from mega-caps into higher-beta altcoins. Bitcoin briefly pushed above $97,000 before easing back near $96,200 as momentum cooled. ICP, however, has moved in the opposite direction.
Over the last 24 hours, the ICP price has surged more than 25%, extending its advance for a second straight session. The rally has been backed by a sharp pickup in participation, with trading volume jumping nearly 10X. With ICP now printing higher highs and higher lows, the next question is: can this momentum carry the token into double digits ($10+) this month?
Why Is the ICP Price Rising Today?
ICP is trading near $4.5 after rebounding from local lows around $3, translating into an almost 50% jump in just a few days. The move hasn’t been quiet either—trading volume has exploded from roughly $70 million to about $700 million, pointing to a sharp surge in participation and a clear shift in short-term sentiment.
This rally appears to be catalyst-driven rather than random, with a few key triggers lighting the fuse, outlined below.
- The Mission 70 tokenomics whitepaper was released on Jan 13, 2026: DFINITY proposes changes designed to reduce ICP inflation by at least 70% by end-2026 via supply-side adjustments and demand/burn acceleration.
- “Lower future supply” narrative = instant bid: Traders typically front-run credible emission-cut frameworks, even before full implementation details are voted in.
- Trading volume exploded: ICP’s 24-hour volume has jumped into the ~$600M–$700M zone on major price trackers, which often boosts trend continuation in the short term.
- Media coverage linking the pump to the catalyst: Multiple outlets are explicitly attributing the rally to Mission 70 anticipation/release and volume expansion.
Internet Protocol (ICP) Price Analysis for January 2026
Internet Computer has remained in a broader downtrend since 2024, and the intermittent bullish bursts along the way have largely failed to shift the higher-timeframe structure. That said, bulls recently stepped in at a critical support area just below $3—a level that effectively acted as the last major line of defence—sparking a sharp rebound.
Now, ICP is consolidating beneath a key supply zone between $4.8 and $5.9, an area that capped price action for much of 2025. A clean breakout above this band would be meaningful: with volume and volatility already elevated, a move through resistance could open the door for a continuation rally toward higher targets.
As the weekly chart shows, ICP has bounced from multi-year lows near $2.9, but it hasn’t yet pushed decisively into the overhead resistance band. Momentum indicators are turning supportive: the MACD has flipped bullish, even though it remains below the zero line—suggesting improving trend momentum and a steady pickup in buying pressure. Meanwhile, the RSI is rising in a steep, recovery-style curve, reflecting strengthening demand as the rally builds.
Taken together, these signals hint that ICP could press into the range next, with a higher probability of a breakout if the token first pauses to consolidate and absorb supply through a brief accumulation phase.
What’s Next? Will ICP Price Reach $10 This Month?
Internet Computer has rebounded after a long bearish stretch, but it still hasn’t delivered a clean confirmation that a new bull phase is underway. While ICP posted outsized gains across 2024–2025—rallying more than 600% at its peak—those advances ultimately gave way to a steep correction, keeping the higher-timeframe structure under pressure.
For that reason, the key hurdle remains the descending trendline that has capped price action since 2024. Until ICP decisively breaks and holds above this downtrend resistance, the odds of sustained bullish continuation stay limited. However, if buyers manage a confirmed breakout above that line, the path can open quickly—making a move toward $10 a realistic momentum target for the next leg of the rally.
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