The cryptocurrency market continues its uptrend, with Internet Computer (ICP) once again being among the top performers.
Its price has risen by almost 40% over the last week, with some analysts arguing that the rally might be just starting.
History to Repeat Itself?
Earlier today (January 15), ICP climbed to $4.78, the highest point since the end of November 2025. In the following hours, it lost some steam and currently trades at around $4.30 (per CoinGecko’s data), a 9% increase on a daily scale.
Its solid performance has drawn analysts’ attention, with many of them claiming there is still fuel left for additional gains. X user The Crypto Professor found similarities between ICP’s recent uptick and the one witnessed two months ago. Back then, the price surpassed $9.50, leading the market observer to suggest a similar move could be ahead.
It is important to note that the asset’s pump to almost $10 in November last year was short-lived, immediately followed by a significant downtrend. However, X user Alex (BCP) believes that ICP’s latest jump “feels much more organic,” and it seems not entirely led by hype.
“Volume looks great – it’s not just hype and big accounts shilling ICP. It feels like real demand,” he opined.
Other analysts who gave their two cents on the matter include FOUR|Crypto Spaces and Open4profit. The former claimed that ICP could experience huge volatility in the short term and eventually exceed $6. Open4profit argued the token has completed its accumulation phase and is now heading toward the supply zone around $5.
“Once price is able to trade above the zone, upside movement will become dominant, and we could see a test of the $6.15 resistance area,” they projected.
Keep an Eye on This Metric
Contrary to the optimistic forecasts, ICP’s Relative Strength Index (RSI) suggests that a short-term pullback is also a plausible option. As CryptoPotato reported on January 14, the metric surged well above 70, indicating that the price has increased too rapidly over a brief period and could be due for a correction.
Today (January 15), the index rose to a fresh two-month peak of approximately 85, reinforcing the probability of a downward move. Conversely, traders view anything below 30 as a buying opportunity.
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