Internet Computer (ICP) Could See Over 100% Spike Next If This Key Support Holds

Internet Computer (ICP) is currently hovering near a critical support level which could determine its next price direction.

Cryptocurrency Internet Computer (ICP) is poised for a potential price surge if it manages to maintain a crucial support level, according to crypto analyst Ali (@ali_charts).

Currently trading at around $7.00, ICP is positioned just above a critical support at $6.60. This price point has historically served as a strong floor, attracting buyers and preventing further downside.

As Ali points out, maintaining this support is essential for any significant upward movement for Internet Computer.

The broader context shows ICP in a downtrend, forming lower highs and lower lows. However, a sustained hold above $6.60 could mark a turning point.

“ICP needs to hold the $6.60 support to push toward $10 or even $15!” Ali highlighted in his analysis.

Two Possible Scenarios for ICP Price

The path forward presents two distinct scenarios. In the bullish case, ICP could defend the $6.60 support and breaks above $7.80. This could allow it to gather momentum for a push toward $10. From there, Ali suggests the potential for further gains extending to $15, representing a more than 100% increase from current levels.

However, a breakdown below the critical $6.60 support could trigger a deeper selloff. This could potentially send Internet Computer price toward $5.00 or lower.

The market will need to see clear confirmation through either a strong bounce from support or reclaiming higher resistance levels to validate any trend reversal.