Internet Computer (ICP) has emerged as one of the strongest performers in the crypto market, climbing nearly 40% over the past seven days amid renewed bullish sentiment. The token reached $4.78 on January 15, its highest level since late November 2025, before pulling back to around $4.30, still up roughly 9% on the day.

Analysts note similarities between the current rally and a previous move two months ago, when ICP briefly surged above $9.50. Some market watchers argue the latest advance appears more organic, supported by strong trading volume rather than hype-driven speculation.

Several analysts expect ICP to challenge the $5 level in the near term, with potential upside toward the $6–$6.15 range if it breaks above key resistance zones. However, technical indicators suggest caution, as the Relative Strength Index (RSI) has risen above 70, signaling that a short-term pullback remains possible despite the broader uptrend.