ICP price holds above moving averages as technicals signal bullish momentum
Internet Computer (ICP)
Editor:
Eugene Serbin
tradersunion.com reports that Internet Computer (ICP) is holding near $3.28 as its recovery continues, with technical signals suggesting momentum may be stretched. The daily chart shows a sustained move higher with a firm trend, supported by the price holding well above the MA-20 at $2.97 and the MA-50 at $2.67. RSI is at 63.04 and approaching overbought, while CCI is firmly in the overbought zone at 107.01, signalling growing upside momentum.
Recent 7-day volatility sits at 22.76%, and the $3.00 level from the Ichimoku Kijun offers nearest support, while $3.56 acts as resistance. These signals point to continued bullish control in the short term, though some momentum indicators are starting to look stretched. Next week, the expected range is $2.93 to $3.62, with a very high probability of an increase and a very low probability of a decrease.
The base case sees Internet Computer trading within this range, with bullish continuation likely while price holds above $3.00 support. A move through $3.56 resistance would open the door to further gains, while a decisive drop below $3.00 would challenge the uptrend and risk a pullback toward the lower end of the projected range. Earlier, analysts noted that Internet Computer had shifted into a short-term bearish phase with downside risks taking precedence. The latest technical readings now point to bullish momentum overtaking prior selling pressure, making ongoing support at $3.00 a critical threshold for assessing the durability of the current uptrend.
How the market reacted
Whalio's own Binance spot order flow for ICP, measured when this story was written up on 2 October 2026. Not the outlet's figures.
ICP is trading at $3.29 on Binance spot, with buy ratios of 44.1% over the last hour and 46.7% over the last four hours, compared to a 50.1% ratio over the last 24 hours. This decline in the hourly and four-hour buy ratios suggests that buying pressure is fading relative to the broader daily trend. Volume delta shows net selling of -$20,941 in the last hour and -$82,780 over four hours, contrasting with a net buying of +$14,583 over the last 24 hours. Volume delta measures the difference between buy and sell volume, indicating that recent short-term trades have been dominated by sellers. Despite this short-term outflow, the Cumulative Volume Delta (CVD) closed at +$496,176 over 24 hours, showing that net buying has outweighed selling over the full day. Spot volume reached $8,070,358 with 53,160 trades, and there were 16 hours of net buying out of 24.
The latest daily buy ratio of 49.2% sits at the 50th percentile of the last 322 days, against a median of 49.2% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for ICP, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.6%, with the latest day showing a slight increase of 0.5 points above this average. However, volume was only 0.51 times the average, indicating significantly lower trading activity than usual for this period. The coin experienced a price change of +6.7% over eight days, with a total volume delta of -$552,712, showing net selling pressure over the week. Only 3 of the 7 days saw net buying, suggesting that buying activity is not the dominant feature of this week's trading. Compared to the 24-hour net buying of +$14,583, the weekly net selling of -$552,712 indicates that the recent positive flow is an anomaly against a backdrop of broader weekly outflows.