{"id":624009,"date":"2026-08-11T15:00:55","date_gmt":"2026-08-11T19:00:55","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=624009"},"modified":"2026-08-11T05:20:51","modified_gmt":"2026-08-11T09:20:51","slug":"assessing-internet-computers-10-rally-can-icp-clear-2-40","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/assessing-internet-computers-10-rally-can-icp-clear-2-40\/","title":{"rendered":"Assessing Internet Computer\u2019s 10% rally: Can ICP clear $2.40?"},"content":{"rendered":"

Internet Computer [ICP] became one of the market\u2019s top gainers after rising more than 10% over 24 hours.<\/p>\n

The rally followed three retests of the $1.98 to $2.10 demand zone. Each retest drew buyers, strengthening the area\u2019s importance.<\/p>\n

Trading Volume and derivatives positioning also supported the recovery. However, crowded longs could expose ICP to a sharp pullback.<\/p>\n

Is buying pressure building behind ICP?<\/h2>\n

ICP\u2019s Trading Volume nearly doubled to $84.36 million, according to Santiment data.<\/p>\n

The increase accompanied the altcoin’s rally, suggesting stronger market participation. Still, volume alone cannot confirm sustained spot demand.<\/p>\n

\"ICP<\/a>
Source: Santiment<\/figcaption><\/figure>\n

Meanwhile, Coinalyze data showed that longs accounted for 67.88% of ICP positions on the daily timeframe. This bullish positioning could support the recovery if spot buyers maintain control. Even so, a long-heavy market may amplify losses during a sudden reversal.<\/p>\n

\"ICP<\/a>
Source: Coinalyze<\/figcaption><\/figure>\n

Can ICP clear the $2.40 barrier?<\/h2>\n

On the daily chart, ICP approached resistance near $2.40 after leaving its recent consolidation range. A daily close above that level could strengthen the bullish setup. That move could place the next visible resistance near $2.64 in focus.<\/p>\n

The altcoin also traded above its 20-day, 50-day, 100-day, and 200-day EMAs. This alignment suggested that buyers had regained short-term control.<\/p>\n

\"ICP<\/a>
Source: TradingView<\/figcaption><\/figure>\n

Could liquidity pull ICP toward $2.60?<\/h2>\n

The Liquidation Heatmap showed a notable liquidity cluster between $2.60 and $2.70. If ICP<\/a> breaks $2.40 with sustained momentum, the price could move toward that zone. However, the chart alone did not verify the draft\u2019s $1 million estimate.<\/p>\n

\"ICP<\/a>
Source: CoinGlass<\/figcaption><\/figure>\n
\n

Final Summary<\/strong><\/h2>\n
    \n
  • Internet Computer [ICP] bounced after testing this demand area three times, showing buyers remained active near $2.<\/em><\/li>\n
  • Long positions accounted for 67.88% of daily ICP exposure, indicating bullish sentiment. However, this could increase liquidation risk if the price falls.<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

    ICP has reclaimed momentum, but $2.40 decides whether this is a recovery or another rejection.<\/p>\n","protected":false},"author":93,"featured_media":624030,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,4,20],"tags":[],"class_list":["post-624009","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-social","category-trading-view"],"acf":[],"yoast_head":"\nAssessing Internet Computer\u2019s 10% rally: Can ICP clear $2.40? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Explore ICP's rally as it climbs over 10% with a trading volume of $84.36 million. 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