Internet Computer Builds Bullish Base at $4.72, Poised for Next Leg Higher

Internet Computer Gains 1% as Key Support at $4.72 Holds Firm

Internet Computer (ICP) posted a modest 1% gain on Tuesday, bouncing back from early losses and showcasing resilience amid ongoing market turbulence.

After dipping in early European trading, ICP found solid support at $4.72—a price level now seen as a crucial floor for the token’s price action, according to analysis from CoinDesk Research.

The recovery lifted prices back above $4.72 and into a steady climb, hinting that traders remain confident and are accumulating positions. The bounce was accompanied by higher trading volumes, signaling renewed interest and possible institutional involvement.

With technical indicators turning more positive and resistance levels appearing manageable, analysts believe ICP could aim for new highs if bullish sentiment persists. The sustained defense of $4.72 reinforces optimism about the token’s near-term prospects.

Technical Snapshot

• ICP rose 1% on the day after rebounding from early lows.
• Strong support was confirmed at $4.72 amid elevated trading activity.
• Higher volumes indicate growing trader confidence and potential institutional buying.
• The price structure suggests room for further upside if market conditions remain favorable.