ICP rallies 8% to $3.32 as profit-taking emerges
Internet Computer (ICP)
Editor:
Eugene Serbin
tradersunion.com reports that Internet Computer (ICP) closed near its intraday high of $3.32, marking an 8.05% gain for the session. The asset is trading above key moving averages, indicating bullish price action across multiple timeframes. However, a pause in the rally has occurred as profit-taking emerges following a two-week surge.
This realization of substantial gains has led some holders to sell into strength, increasing supply from short-term participants. This wave of selling is creating a temporary headwind, moderating bullish momentum as the market digests previous advances. On the hourly chart, ICP holds above the MA-20 and MA-50, while the daily timeframe remains well above the MA-200.
Immediate technical support is established by the Ichimoku Kijun at $3.09. Indicators like MACD and ADX confirm strong upside momentum, though RSI and Stoch RSI suggest overbought conditions. Bull/Bear Power points to ongoing buyer strength, and the Awesome Oscillator stays positive.
Looking ahead, ICP is projected to trade within a band of $3.16 to $3.44 amid typical volatility. A breakout above $3.44 would reinforce the prevailing bullish trend, while a retreat below $3.16 could lead to a short-term correction.
How the market reacted
Whalio's own Binance spot order flow for ICP, measured when this story was written up on 29 September 2026. Not the outlet's figures.
ICP is currently trading at $3.14 on Binance spot markets. The 1-hour buy ratio stands at 59.2%, indicating strong immediate buying pressure, while the 4-hour ratio is 53.4%. In contrast, the 24-hour buy ratio has dropped to 48.2%, suggesting that buying pressure is fading over the longer term. The 1-hour volume delta is positive at +$394,171, showing net buying in the short term, whereas the 4-hour delta is +$477,717. However, the 24-hour volume delta is negative at -$502,543, indicating net selling over the full day. This divergence shows that while recent trades favor buyers, the daily trend favors sellers. The CVD for the 24-hour close is +$178,293, with 14 of 24 hours showing net buying. Spot volume for the day was $13,291,102 across 107,232 trades.
The latest daily buy ratio of 47.1% sits at the 17th percentile of the last 323 days, against a median of 49.2% - weaker buying than most days.
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 7-day average buy ratio was 50.4%, compared to the latest day's 48.2%, a difference of 2.2 points. This indicates that today's buying activity is slightly below the weekly average. Volume was 1.03 times the average, showing normal trading activity levels. There were 5 days of net buying out of 7 in the week. The price changed by +3.4% over the 8-day period. The total volume delta for the 8 days was -$377,162, contrasting with the daily positive CVD. This places today's reaction as a continuation of a generally positive weekly trend despite recent profit-taking.