R3N

$ICP reclaimed structure — now it needs to come back and prove it before the next move

Internet Computer has done something meaningful over the past 48 hours. After spending most of April 19 and 20 compressing along the $2.411 floor — a level that held firm as the absolute line in the sand — price finally found its footing and pushed back through the $2.480–$2.505 zone with enough momentum to suggest the demand there was real.

But here's where it gets interesting. Price has pushed above that upper demand zone and is currently sitting at $2.544, but the projection isn't calling for a straight run to the $2.640 resistance. Instead, the expected path involves a pullback — a return into the $2.480–$2.505 zone to tap it properly before the continuation leg develops.

That retracement isn't a warning sign. It's the setup. The upper grey zone is now the key level to watch. If price comes back into it, sweeps any liquidity sitting just below, and then shifts delivery back to the upside, that's the confirmation that the zone is active and the move toward $2.640 has a proper foundation under it.

The bottom zone at $2.380–$2.420 already did its job — it absorbed the selling and launched this recovery. The $2.411 floor remains the hard invalidation. As long as price stays above it, the bullish structure is intact.

Watch for how $ICP behaves on any pullback toward $2.490. Clean tap and hold means the $2.640 target stays in play. A break back below $2.480 with momentum changes the conversation.

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