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<p>ICP, the native token that powers the Internet Computer blockchain, has seen resurgent price action this past week, with a 15% pop in the last 24 hours alone. Key highlights:</p>
<ul>
 <li>24H Low: $13.00</li>
 <li>24H High: $16.26</li>
 <li>24H Volume: $601 million</li>
</ul>
<p>To understand this momentum, examining the Internet Computer’s ambitions provides context. In short, it aims to evolve blockchain infrastructure into a “world computer,” enabling software and systems to run in a decentralized manner without relying on traditional IT backends.</p>
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<p>This aligns neatly with broader “web3” decentralization trends. And as skepticism gives way to building real solutions, renewed investor interest in the internet’s long-term vision appears to be materializing.</p>
<p>Adding observations, crypto trader Flying High <a href="https://twitter.com/CryptoGoPro/status/1742250869238964291?s=20" target="_blank" rel="noopener noreferrer nofollow">notes </a>that ICP formed a constructive “U” bottom base before reversing higher. This signals traditionally bullish continuation potential. With prices achieving a weekly market structure breakout above $14, he sees dips likely finding buying interest down into the $10–11 zone.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="339" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-29-1024x339.png" alt="" class="wp-image-412263" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-29-1024x339.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-29-300x99.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-29-768x254.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-29-1536x508.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-29-2048x678.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-29-453x150.png 453w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-29-100x33.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-29-1058x350.png 1058w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-29-788x260.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>In summary, while still in its early stages, Internet Computer’s uniquely ambitious decentralization roadmap combined with chart signals of bullish continuation indicates the ICP token may be gearing up for a more sustained move upwards. A clean breakthrough at the key $20 level is the next pivotal confirmation to watch for.</p>
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<p>The post <a href="https://captainaltcoin.com/why-is-internet-computer-icp-price-up-analyst-highlights-a-long-term-bullish-u-bottom/" rel="noopener noreferrer nofollow">Why Is Internet Computer (ICP) Price Up? Analyst Highlights A Long-Term Bullish ‘U’ Bottom</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why Is Internet Computer (ICP) Price Up? Analyst Highlights A Long-Term Bullish ‘U’ Bottom

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