ICP surges 11.5% on technical momentum and buying activity
Internet Computer (ICP)
Editor:
Eugene Serbin
tradersunion.com reported that Internet Computer (ICP) rose 11.5% on 7 September 2026, driven by sustained buying and technical strength. The asset trades above its 20-day, 50-day, and 200-day moving averages at $2.44, $2.27, and $2.41 respectively. This alignment confirms bullish momentum across multiple time frames despite lingering longer-term bearish risk from the 50-day versus 200-day dynamic.
Near-term resistance sits at $3.15, while immediate support is found at $2.81. Momentum indicators show positive trends, with MACD and ADX readings supporting the move. The RSI stands at 65.4, indicating firm buying interest, though Stochastic RSI at 100 and CCI at 235.31 signal overbought conditions.
Bull/Bear Power is positive at 0.31, and the Awesome Oscillator matches the bullish setup. Analysts noted strong momentum during consolidation, advising traders to watch $3.15 as a potential breakout point amid volatility.
How the market reacted
Whalio's own Binance spot order flow for ICP, measured when this story was written up on 7 September 2026. Not the outlet's figures.
ICP trades at $2.74 with a 1-hour buy ratio of 52.5% against a 4-hour ratio of 49.1%. The 24-hour buy ratio sits at 50.8%, showing a balanced but slightly tilted market. Volume delta is positive at +$114,000 for the hour but negative at -$158,609 for the four-hour period. Over 24 hours, the volume delta is +$204,496, indicating net buying pressure over the full day. The cumulative volume delta closed at -$30,475, suggesting late-session selling offset earlier gains. Net buying occurred in only 5 of the 24 hours, highlighting intermittent rather than consistent demand.
The latest daily buy ratio of 49.0% sits at the 46th percentile of the last 324 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.
The 7-day average buy ratio is 49.6%, making today’s 24-hour ratio of 50.8% a slight increase of 1.2 points. Spot volume is 1.91 times the average, indicating unusually high activity. The coin saw a 16.5% price change over 8 days, with a total volume delta of -$348,612. Only 3 of the past 7 days showed net buying, making this an unusual day of relative balance. The current 24-hour volume delta of +$204,496 contrasts with the weekly negative trend, marking a shift in short-term flow.