ICP jumps after Upbit lists KRW/BTC/USDT pairs, adding ~$100M market cap

Internet Computer (ICP) spiked after South Korea’s largest exchange Upbit launched ICP spot pairs (KRW, BTC, USDT) at ~17:00 KST on March 11. The listing triggered a rapid rally from roughly $2.35–$2.40 to intraday highs near $2.79–$2.94, leaving ICP about 10% higher (~$2.74). CoinGecko recorded roughly $100 million added to ICP’s market cap within an hour while daily trading volume surged (one report ~867%, another showed a two-fold rise), indicating a large inflow of Korean retail liquidity. Technicals: ICP reclaimed the 50-day moving average (~$2.38–$2.60 across reports) and tested resistance near the 200-day MA (~$2.70–$3.73 in different updates); RSI moved into the 60s and Bollinger Bands widened, reflecting rising short-term momentum. Key levels to watch: upside targets $2.90–$3.00 and $3.40–$3.50; resistance clusters near $3.00 and $4.55 in one update; supports at $2.38–$2.50, $2.20 and $2.05–$2.20. Traders should monitor sustained volume on Upbit (KRW liquidity), Bitcoin direction, broader market sentiment (Fear & Greed Index), and whether $3.00 holds on any retest — factors that will determine short-term continuation versus a pullback. Listings on major Korean exchanges typically produce short-term rallies due to direct KRW access; this event appears bullish for ICP in the near term but may be followed by profit-taking if on-exchange volume fades.