Internet Computer (ICP) Soars by 36% Weekly: More Upside Ahead?

The cryptocurrency market continues its uptrend, with Internet Computer (ICP) once again being among the top performers.

Its price has risen by almost 40% over the last week, with some analysts arguing that the rally might be just starting.

History to Repeat Itself?

Earlier today (January 15), ICP climbed to $4.78, the highest point since the end of November 2025. In the following hours, it lost some steam and currently trades at around $4.30 (per CoinGecko’s data), a 9% increase on a daily scale.

Its solid performance has drawn analysts’ attention, with many of them claiming there is still fuel left for additional gains. X user The Crypto Professor found similarities between ICP’s recent uptick and the one witnessed two months ago. Back then, the price surpassed $9.50, leading the market observer to suggest a similar move could be ahead.

It is important to note that the asset’s pump to almost $10 in November last year was short-lived, immediately followed by a significant downtrend. However, X user Alex (BCP) believes that ICP’s latest jump “feels much more organic,” and it seems not entirely led by hype.

Other analysts who gave their two cents on the matter include FOUR|Crypto Spaces and Open4profit. The former claimed that ICP could experience huge volatility in the short term and eventually exceed $6. Open4profit argued the token has completed its accumulation phase and is now heading toward the supply zone around $5.

Keep an Eye on This Metric

Contrary to the optimistic forecasts, ICP’s Relative Strength Index (RSI) suggests that a short-term pullback is also a plausible option. As CryptoPotato reported on January 14, the metric surged well above 70, indicating that the price has increased too rapidly over a brief period and could be due for a correction.

Today (January 15), the index rose to a fresh two-month peak of approximately 85, reinforcing the probability of a downward move. Conversely, traders view anything below 30 as a buying opportunity.

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