- ICP Price reclaimed the critical $2.45 level amid strong momentum.
- Internet Computer has processed over 290 billion mainnet transactions.
- Technical resistance remains despite rapidly growing network activity.
Internet Computer has returned to the spotlight as ICP Price surged 9.19% over the past 24 hours to trade near $2.47. The move comes as the network approaches a major milestone of 300 billion mainnet transactions. Analysts are closely watching whether the recent breakout can hold, with Crypto Tony identifying $2.45 as a key level that could open the door to higher targets.
ICP Price Breakout Depends on Holding Above $2.45 Support
According to Crypto Tony, a successful flip of $2.45 into support would strengthen the bullish case for ICP Price. If buyers maintain control above this zone, the next upside targets sit at $2.60 and then $3.20.
The analyst noted that Internet Computer remains trapped within a broad trading range. Reclaiming lost resistance levels would signal a shift in market structure and improve the odds of further gains.
At the same time, the ICP Price continues to trade inside a long-term descending channel that has defined its trend since early 2024. Every previous recovery attempt failed to break this structure. Until a decisive breakout occurs, bears still hold the broader advantage.
Internet Computer Growth Supports Long-Term ICP Price Outlook
While technicals remain challenging, Internet Computer’s network activity continues expanding rapidly. Data shows the blockchain has surpassed 290 billion transactions and is approaching the 300 billion mark.
The network currently processes approximately 6,700 transactions per second. That figure places it ahead of several major blockchain competitors, including Solana. Over the past 180 days alone, Internet Computer handled roughly 75.7 billion transactions.
Daily transaction counts have also risen significantly. Activity increased from around 300 million transactions per day to peaks near 800 million during recent months.
What’s Next for ICP Price?
Despite these achievements, ICP Price has not fully reflected the growth. Analysts argue that network adoption alone is not enough to reverse a bearish chart structure. For a stronger recovery, ICP Price likely needs to reclaim $3.00 and break above the descending channel. Such a move could create a path toward the $4.00 to $4.50 range this quarter.
Failure to hold the $2.20-$2.30 support area could expose the asset to renewed downside pressure, with $1.80 emerging as the next major demand zone.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.