ICP price forecast as power of 3 pattern forms following strong surge

The Internet Computer (ICP) price has defied broader market weakness, surging 34.7% in the past 24 hours while Bitcoin (BTC) and Ethereum (ETH) fell sharply.

This powerful rally, supported by technical breakouts and a rare “Power of 3” pattern, has placed ICP among the strongest-performing altcoins this week.

Eyes are now on whether the ICP token can sustain its momentum and confirm a major bullish reversal on the daily chart.

ICP defies the market downturn

While the global cryptocurrency market lost nearly 2% in total capitalisation and recorded more than $1 billion in liquidations, Internet Computer managed to stand out with a strong rebound.

The ICP price climbed above $5.20, signalling renewed investor interest and underlying market strength.

The move followed a significant technical breakout above the $3.70–$3.75 resistance zone, a level that had capped gains for several weeks.

Momentum indicators confirm the bullish setup, with the Relative Strength Index (RSI) surging to 70, showing healthy buying pressure, while the MACD maintained a bullish crossover.

The token also reclaimed its 30-day simple moving average and the critical 200-day moving average near $4.87 — both signs of a shifting market structure.

Trading volume on the Internet Computer chain also hit a 1.5-year high of $672 million, reflecting rising liquidity and strong participation.

At the same time, open interest in ICP futures rose to $147.98 million, its highest level since mid-September, suggesting that new money is entering the market, supporting the ongoing rally.

Power of 3 pattern forms signalling institutional accumulation

Chart analysis shows a rare “Power of 3” formation on the ICP chart — a structure made up of Accumulation, Manipulation, and Distribution/Expansion phases.

From March to September, ICP traded in a tight range between $4.58 and $6.10, forming the Accumulation phase.

In October, the price briefly dropped below $3.00, triggering stop-losses and shaking out weak holders in what appears to have been the Manipulation phase.

The current breakout above $5 suggests that the Distribution/Expansion phase could now be underway.

If the ICP token sustains above the $4.58 support and manages to close decisively above $6.10, it would confirm this bullish pattern.

This could open the door for a rally toward $9.41 — representing an 88% upside from current levels.

Rising network activity adds fuel to the rally

Beyond technical patterns, the Internet Computer ecosystem itself is gaining traction.

Data from Santiment shows network growth climbing to its highest level since July, highlighting increasing user adoption and developer activity.

The integration of Bitcoin DeFi through Chain Fusion technology and the growing use of ckBTC have strengthened the platform’s fundamentals.

Moreover, the DFINITY Foundation’s focus on decentralised AI and full-stack Web3 applications continues to attract attention.

Nearly half of all ICP tokens are currently staked for over 12 months, limiting circulating supply and amplifying the impact of new demand.

This staking dynamic, combined with a surge in trading volume and renewed interest in DeFi, has reinforced the bullish sentiment surrounding the ICP price.