ICP Jumps 7.9% to $7.77 as Breakout Rally Extends on Heavy Volume

ICP$8.7973 continued its strong momentum Thursday, climbing 7.88% to $7.77 and marking another day of pronounced outperformance against the broader crypto market.

The token extended its breakout rally that began earlier in the week, moving firmly above prior resistance levels while confirming a sustained uptrend.

Trading activity remained robust, with 20.11 million ICP tokens exchanged — 261% above the monthly average, according to CoinDesk Research’s technical analysis data model.

The surge in volume reflects expanding market engagement as traders and institutions respond to the token’s technical breakout and relative strength. Price action was characterized by a sharp push to a session high of $8.76, followed by measured consolidation as participants locked in short-term gains.

ICP’s broader structure continues to exhibit bullish characteristics, with higher lows forming consistently over recent sessions. This pattern reinforces the token’s momentum-driven advance and suggests the potential for further upside if support holds.

Analysts are watching $8.00 as the next resistance level, with the $7.40–$7.50 zone providing a key near-term floor. Sustained closes above these levels would confirm continued upward momentum and potentially open targets toward $8.50–$8.90.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.