ICP Surges 12.3% on Technical Breakout Signals
Internet Computer (ICP)
Editor:
Eugene Serbin
tradersunion.com reports that Internet Computer (ICP) rose 12.3% today, driven by strong technical momentum and dominant buyers. The asset is trading firmly above its 20-day, 50-day, and 200-day moving averages, which are positioned at $2.88, $2.6, and $2.47 respectively. This alignment indicates sustained bullish conviction across short-, medium-, and long-term horizons.
An upside gap of approximately $0.15 occurred at the open, and price held near the day's high with intraday volatility at 10.16%. Momentum indicators including the Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX) both forecast a buy. The Relative Strength Index (RSI) sits at 59.02, tilting bullish while remaining below overbought levels.
Both the Commodity Channel Index (CCI) and Bull/Bear Power (BBP) underscore buyer dominance, with BBP at 0.17 flagging strong buy conditions. The near-term ceiling is identified at $3.63, with $3.09 serving as the immediate floor. Analysts noted the shift to a bullish scenario, with traders watching for sustained momentum to confirm the uptrend. A breakout above $3.63 is cited as the key level to watch for a renewed rally.
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, with a 1-hour buy ratio of 47.8% and a 4-hour buy ratio of 53.4%. The 24-hour buy ratio stands at 48.2%, indicating that buying pressure is slightly weaker on the longer timeframe compared to the 4-hour view. The 1-hour volume delta is -$40,890, while the 4-hour volume delta is +$477,717, showing a divergence between immediate and slightly longer-term flow. The 24-hour volume delta is -$502,543, and the Cumulative Volume Delta (CVD) at 24-hour close is -$169,368. These negative deltas suggest that despite the price rise, net selling pressure has outweighed buying pressure over the full day. The spot volume for the period is $13,291,102 across 107,232 trades, with net buying occurring in only 12 of the 24 hours.
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 current 24-hour ratio of 48.2%, a difference of -2.2 points. Volume was 1.03x the average, indicating slightly higher than usual activity. There were 5 days of net buying out of 7, with a total volume delta of -$377,162 for the period. The price change over 8 days was +3.4%. This represents an ordinary day for the coin, as the current 24-hour buy ratio is only marginally below the weekly average of 50.4%.