Are you watching the latest move in ICP Token? Does this breakout have more room to run? After spending hours in a tight range between $5.22 and $5.26, the Internet Computer price has finally started climbing to $5.35 with rising momentum. Traders are now eyeing key resistance levels as indicators show early signs of strength. Bulls are holding the edge with the RSI cooling below overbought and the MACD showing a golden cross. If you’re tracking the next move in ICP price, let’s break down the full 24-hour price action and see what’s next.
Internet Computer (ICP) Price Analysis of May 27, 2025
The ICP price analysis shows a shift from bearish pressure to strong bullish momentum, with clear phases of recovery and breakout. ICP Price started the day around $5.30 but quickly fell into a downward channel, where sellers dominated the early session. Between 00:00 and 01:30 UTC, the ICP Token dropped below $5.15, triggering multiple oversold signals on the RSI and a death cross on the MACD. This was a sign of weakening sentiment as traders booked profits. By around 01:40 UTC, the ICP Token found support under $5.10. From there, a slow and steady recovery began. A golden cross appeared on the MACD, and RSI climbed out of the oversold zone. Buyers stepped in, pushing the price gradually back above $5.20 by 03:00 UTC.
Chart 1- ICP/USDT M1 Chart, Analysed By Anushri Varshney, Published on TradingView, May 27, 2025
As momentum strengthened, the RSI entered the overbought zone for the first time during the uptrend. MACD confirmed bullish control with another golden cross around 03:15 UTC. The ICP Price climbed to around $5.27 before stalling. The price was in a sideways trading range from 03:30 to 04:30 UTC, between $5.22 and $5.26. In the fit of that range, RSI cooled off, and a death cross formed on the MACD around 04:00 UTC, suggesting a pause in momentum.
ICP Breaks Above $5.30 but Faces Key Resistance at $5.35
Between 05:00 and 06:00 UTC, the Internet Computer token showed renewed strength. A golden cross formed, and the price broke out of the range into a new upward channel. This ICP Breakout sent the token price up over $5.30 and peaked around $5.35, at around 0600 UTC. Resistance key levels reside at $5.35, and support is located at $5.22. If we get a strong close above the $5.35 price point, we could see another ICP breakout towards levels near $5.40. But if bulls lose steam, a retest of $5.22 is likely.
ICP Price Maintains Bullish Structure After Clean Breakout
The ICP Token has shown strong technical recovery in the past 24 hours, with clear trend shifts and confirmation from RSI and MACD indicators. The initial decline was absorbed near $5.10, followed by a steady climb backed by multiple golden crosses. The recent ICP breakout above $5.30 confirms buyer interest and a short-term bullish structure. RSI is still below the overbought zone, and MACD remains on a positive crossover, which favors potential bullish momentum, but $5.35 should still be observed as a resistance level. If this level is breached, the ICP price could aim for $5.40 or higher. On the downside, support at $5.22 will be key to holding the gains.
Internet Computer (ICP) Price Analysis of June 2, 2025
The price action of ICP highlights a clear turn in market momentum, starting with a sideways period of action. The market then attempted to break out, before a very sharp pullback, and subsequent recovery within an upward channel. The session started with the ICP token traded sideways, from midnight until approximately 01:00 UTC, moving in a tight range for a couple of hours. The RSI was drifting around 50, and the MACD was flat, both features confirming a low level of momentum.
Around 01:15 UTC, a clear ICP breakout occurred, with the price spiking to $4.88. In any case, this movement did not last long. At 01:30 UTC, the price turned around and entered a downward channel, which lasted until 03:45 UTC. The ICP Price made lower highs and lower lows, eventually hitting a session low near $4.80. During this period, the RSI dropped into oversold territory multiple times, and MACD printed several death crosses, signaling strong bearish momentum.
ICP Price Climbs from $4.80 to $4.95 Before Cooling to $4.85
Between 04:00 and 05:00 UTC, the ICP token entered a new range-bound phase between $4.82 and $4.84 and demonstrated some recovery without much direction. The RSI stayed below 50, while MACD continued to flicker between golden and death crosses, reflecting market uncertainty.
Chart 2- ICP/USDT M1 Chart, Analysed By Anushri Varshney, Published on TradingView, June 2, 2025
After 05:15 UTC, the price briefly dipped again to $4.80, forming a short downtrend, but this was quickly followed by a stronger reversal. From 05:45 UTC onward, the ICP price began climbing inside an upward channel, with the price reaching a peak at $4.95 by 07:00 UTC. This bullish push was backed by multiple golden crosses on the MACD and RSI rising above 70, signaling an overbought condition and potential pause. Post 07:30 UTC, ICP saw a mild pullback, cooling off near $4.90. At the time of writing, the price is around $4.85, stabilizing after its strong recovery.
ICP Token Remains Cautious Amid Mixed Signals
The current outlook for the ICP token remains neutral to slightly bullish, with price action showing signs of slowing momentum after a volatile session. The recent ICP breakout and upward channel suggest bullish interest, but the failure to hold above $4.95 resistance points to lingering selling pressure. Indicators like the MACD are flattening out, and RSI has pulled back from overbought levels, indicating a possible cooldown phase ahead.
For traders, the $4.80 support remains a key level; holding above it could maintain the structure for another leg higher. However, a shift back to the previous trading range or even a deeper correction can’t be ruled out. On the flip side, reclaiming $4.95 and pushing above it with volume could confirm a renewed breakout attempt. Until then, ICP Price may continue to consolidate as the market waits for a clearer direction.
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