ICP Jumps 34% to $7.02 in Explosive Breakout Above Key Resistance

💡 DMK Insight

Internet Computer’s surge to $7.02 is a clear signal of bullish sentiment returning to the market. This 34% jump isn’t just a number; it reflects strong trading volume, suggesting that traders are re-engaging with this asset. A breakout like this often attracts momentum traders, and if it holds above the $7 mark, we could see further upward pressure. Watch for resistance around $7.50, as that could be a critical level for profit-taking or further buying. On the flip side, if the price retraces below $6.50, it might indicate a false breakout, leading to potential selling pressure. Keep an eye on related assets like Ethereum, as movements in the altcoin space can influence sentiment across the board. The next few days will be crucial; if Internet Computer can maintain this momentum, it could pave the way for a more sustained rally.