ICP Price Prediction: Will Internet Computer Rally Hit $20 Next?

Breakout Momentum Builds for ICP Bullish Continuation

Internet Computer (ICP) is on the rise as bullish momentum gains strength with several confirmed breakouts. Analysts suggest that the crypto could be headed for a sustained rally to the $20 mark, and potentially beyond, as volume explodes and key resistance levels are broken. With the asset now trading above critically important breakout zones, sentiment is turning positive after months of consolidation.

Breakout Signals Strength in ICP Price Prediction

Analyst CryptoBoss noted a strong breakout through the descending wedge pattern to the upside. This structure is a historical bullish reversal signal, supported by a spike in trading volume, which is a strong sign of renewed investor interest. Also, the analyst highlighted the $20 level as the next major resistance, corresponding to a key pivot zone from mid-2024.

ICPUSD 1W CHART | SOURCE: X

Moreover, momentum is clearly building as the token continues to defend its breakout above $8, which now serves as solid support. The analyst pointed out that holding support above this zone could renew confidence and fuel the next leg higher to $20 and possibly $37. With RSI readings neutral, the move has room for further movements before reaching overbought conditions. The combination of the structure, volume, and sentiment is a good technical signal for bullish continuation.

ICP Breaks Out After Year-Long Consolidation

Another analyst, Captain Faibik, added to the bullish case, citing ICP's incredible +90% run since breaking out of a consolidation zone over the past year. After months of sideways action between $3 and $4.50, the token broke through $8 and confirmed a solid trend reversal. Breaking the descending trendline, the breakout not only invalidated the previous bearish cycle, but it sparked a strong follow-through buying pressure.

ICPUSD 1D CHART | SOURCE: X

The analyst's ICP price prediction puts short-term targets between $12 and $13, a peak of the past accumulation range. However, the move may not be over, as holding support above $7.50 could lead to even higher resistance zones around $15. According to his analysis, the current price action is a confirmation of new investor confidence, with the crypto shifting from accumulation into a clear expansion phase.

Rising Volume Strengthens ICP Bullish Outlook

According to analyst Stygian, the recent breakout signals a major trend reversal. The chart illustrates the rising On-Balance Volume (OBV) and record trading activity, which confirms the participation of both retail and institutional players. Initial resistance is near $22, with a long-term target of around $38, all being key supply levels of previous rallies.

ICPUSD 1W CHART | SOURCE: X

With structure, volume, and sentiment in line, ICP's trajectory remains bullish. As long as the price holds above $6.50, the odds of a continued move up and through $20-$38 gets stronger. Overall, ICP price prediction indicates a strong technical base, which suggests that the Internet Computer token could be entering one of its most promising phases.