$ICP Surges on ‘Mission 70’ Tokenomics - $10 Target in Sight?

ICP is flashing relative strength while broader crypto takes a breather. Over the last 24h, ICP has jumped 25%, trading near $4.5 after bouncing from ~$3, with volume spiking ~10X to $700M.

Catalyst? DFINITY’s Mission 70 whitepaper (Jan 13, 2026) proposes 70% lower inflation by end-2026 via supply cuts and accelerated burns. Traders are front-running potential supply shocks, creating heavy short-term demand. Media coverage has amplified attention, fueling participation.

Technically, ICP has rebounded from multi-year lows near $2.9 and now consolidates under resistance at $4.8–$5.9. MACD is bullish, RSI climbing—momentum signals are improving. A clean breakout above this band, supported by elevated volume, could open the door toward the $10 zone.

Still, a longer-term downtrend from 2024 caps upside until decisively broken. Short-term, ICP may pause to absorb supply, but if buyers push through, a move toward double digits is possible.

#icp