Internet Computer (ICP) Extends Rally with 261% Volume Gain
Internet Computer (ICP) rallied 33.99% on November 6 to close at $7.02, confirming a decisive breakout above the $7.00 resistance. Trading volume surged 288% above the 30-day average, with peak activity between 14:00 and 17:30 GMT. On November 7, Internet Computer extended its breakout rally, climbing 7.9% to $7.77 and reaching a session high of $8.76 as volume spiked 261% above the 30-day norm. Technical indicators show higher lows, with key support emerging around $6.95–$7.00 and $7.40, and resistance at $8.00. Sustained closes above these levels could target $8.50–$8.90, suggesting further gains if bullish momentum holds.
Bullish
The combined reports show sustained price advances backed by sharply rising trading volume, a classic confirmation of a structurally sound breakout rather than a speculative spike. Short-term technical indicators—higher lows and established support zones at $6.95–$7.00 and $7.40—suggest continued buyer confidence. Resistance at $8.00 and new targets of $8.50–$8.90 indicate clear upside objectives. Overall, strong volume and momentum signal both immediate opportunities for traders and a potentially enduring bullish trend for ICP.