Internet Computer

Internet Computer (ICP) is among the top-performing cryptocurrencies today (January 14), with its valuation surging by over 19%.However, one important indicator suggests that the bears might regain control in the short term.<h2 id="the-risks-of-an-incoming-correction">The Risks of an Incoming Correction</h2>Just recently, ICP pumped above $4, the highest level since the beginning of December 2025. Its market capitalization surged well beyond $2 billion, making it the 57th-largest cryptocurrency.<figure id="attachment_1425948" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2026/01/ICP-Price-1.png" rel="noopener noreferrer nofollow"><img class="wp-image-1425948 size-full" src="https://cryptopotato.com/wp-content/uploads/2026/01/ICP-Price-1.png" alt="ICP Price" width="822" height="572"></a><figcaption id="caption-attachment-1425948" class="wp-caption-text"> ICP Price, Source: CoinGecko </figcaption></figure>Despite the sharp rise, ICP’s Relative Strength Index (RSI) hints that a potential pullback may be approaching.&nbsp; The technical analysis tool measures the speed and magnitude of the latest price changes to give traders a clearer view of whether a reversal is on the horizon.It varies from 0 to 100, and ratios above 70 signal that ICP is overbought and on the verge of a decline. On the other hand, readings below 30 are interpreted as buying opportunities and could mean that the asset is oversold. On January 13, ICP’s RSI climbed to a two-month peak of almost 80, whereas it currently hovers around 73.<figure id="attachment_1425945" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2026/01/ICP-RSI.png" rel="noopener noreferrer nofollow"><img class="wp-image-1425945" src="https://cryptopotato.com/wp-content/uploads/2026/01/ICP-RSI.png" alt="ICP RSI" width="2441" height="400"></a><figcaption id="caption-attachment-1425945" class="wp-caption-text"> ICP RSI, Source: CryptoWaves </figcaption></figure><h2 id="not-pushing-the-brakes">Not Pushing the Brakes?</h2>Contrary to the RSI alert, crypto X is filled with analysts who believe ICP has no intention to slow down anytime soon. Earlier this month, X user Bitcoinsensus <a href="https://x.com/Bitcoinsensus/status/2009212232874254464" rel="noopener noreferrer nofollow">spotted</a> a “massive bull flag” forming on the weekly chart, envisioning a potential breakout to as high as $14.For their part, the analyst using the moniker KNIGHT <a href="https://x.com/cryptoknight890/status/2011104029234119133" rel="noopener noreferrer nofollow">predicted</a> a rally to $10 in the first quarter of the year. X user CAPT. PARA8OLIC TOBLERONE also <a href="https://x.com/CaptToblerone/status/2011403948184527144" rel="noopener noreferrer nofollow">shared</a> an interesting forecast.They think ICP could head south in the following months and drop below $1.30. However, after that, the asset may launch a major bull run, skyrocketing beyond $65.Meanwhile, the recent exchange netflows reinforce the bullish scenario. Data from CoinGlass shows that outflows have surpassed inflows over the past several weeks, suggesting that investors have shifted to self-custody, thereby reducing immediate selling pressure.On the other hand, rising inflows mean that market participants have transferred some of their holdings into centralized platforms, which is typically seen as a pre-sale step.<figure id="attachment_1425944" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2026/01/ICP-Exchange-Netflow.png" rel="noopener noreferrer nofollow"><img class="wp-image-1425944" src="https://cryptopotato.com/wp-content/uploads/2026/01/ICP-Exchange-Netflow.png" alt="ICP Exchange Netflow" width="1415" height="400"></a><figcaption id="caption-attachment-1425944" class="wp-caption-text"> ICP Exchange Netflow, Source: CoinGlass </figcaption></figure>The post <a href="https://cryptopotato.com/this-icp-metric-soars-to-a-2-month-high-after-19-surge-pullback-on-the-way/" rel="noopener noreferrer nofollow">This ICP Metric Soars to a 2-Month High After 19% Surge: Pullback on the Way?</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

This ICP Metric Soars to a 2-Month High After 19% Surge: Pullback on the Way?

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