TLDR:

ICP price is testing the $5.824 breakout level after weeks of sideways action.
A close above $5.824 may trigger upside toward $7.26 and $9.50.
Rejection could bring a bullish retest between $5.75 and $5.55.
Confirmation on daily close is key before new long positions are considered.

Internet Computer (ICP) is showing early signs of a breakout after weeks of sideways movement. The price is pushing against a key level that traders have been watching closely. 

Momentum is building, but confirmation is still needed before bulls can claim control. As of now, ICP hovers just above its critical resistance. Any daily close above this mark could reshape short-term sentiment in the crypto market.

ICP Price Hovers Around Crucial Resistance

According to Bitcoinsensus, ICP is trading near $5.98, up roughly 4% on the day. 

The key level in focus is $5.824. A clean daily close above this mark would signal bullish continuation. This zone has acted as a ceiling during recent consolidation. Traders are watching for either a clean breakout or a possible rejection.

The tweet notes that the price has been stuck in a tight range for weeks. Now, it’s pressing against a breakout zone with bullish energy building beneath. However, the price still hovers near a trendline retest. That means a pullback remains on the table.

$ICP CHART HEATING UP

ICP/USDT Daily Chart Update
Price currently at $5.98, up +4.03%
Key Level to Watch: $5.824

Bulls on Standby
ICP is testing a major daily breakout zone after weeks of consolidation. A daily close above $5.824 is crucial to confirm bullish… pic.twitter.com/m3Of672wt9

— Bitcoinsensus (@Bitcoinsensus) July 18, 2025

Bitcoinsensus pointed out a potential dip between $5.75 and $5.55. This zone could serve as a bullish retest if the price gets rejected short-term. Such a move would give buyers a second chance to enter before any larger push.

This type of price action is common after extended consolidations. Traders often wait for a breakout, then a brief dip, before jumping into long positions. For now, patience remains the best move.

Upside Targets After Breakout

If bulls push through the $5.824 resistance, the next hurdle lies at $7.26. That area may bring minor selling pressure. Still, the real extension zone sits higher at $9.50 and above. That would be a major move from current levels and likely require strong volume.

Bitcoinsensus highlighted these levels as logical next steps if the breakout holds. But they warned not to enter early. Without confirmation, false breakouts can trap eager buyers.

Market watchers agree that the daily close is the trigger. Until ICP confirms above $5.824, the structure remains neutral. Short-term bulls are watching closely for a signal to step in.

In the meantime, traders should stay alert and manage entries carefully. The crypto market is showing pockets of strength, and ICP might soon join the list if confirmation hits.

 

The post ICP Price Tests Breakout Zone as Internet Computer Bulls Eye Higher Targets appeared first on Blockonomi.

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Filed under: Bitcoin - @ July 18, 2025 4:29 pm