The price of Internet Computer (ICP) rose 2.9% on February 28, 2026, extending its weekly gain to 12.23%. Analysts note the token is testing a key resistance level near $2.70, with a breakout potentially leading to significant upward movement. Technical indicators like the RSI and MACD currently show bullish momentum for the asset.
The price of Internet Computer (ICP) increased by 2.9% on February 28, 2026, according to data from CoinMarketCap. This move contributed to a weekly gain of 12.23% as traders watched for a potential breakout above the $2.70 resistance level.
ICP was trading at $2.45 with a 24-hour volume of $126.35 million. Its market capitalization reached $1.34 billion amid improving market conditions for altcoins. Market participants are monitoring whether the price can close above the descending wedge resistance to confirm a trend reversal.
Analyst Globe Of Crypto suggested a breakout could target the $4.70 to $4.80 range. Key resistance levels on the path are seen at $3.00, $3.50, and $4.20. Support currently holds around the $2.10 to $2.00 zone.
Technical indicators support the current short-term momentum. The RSI(14) is near 60, indicating bullish control without being overbought. The MACD also remains in bullish territory, with its line above the signal line.
A confirmed breakout above $2.70 would alter the medium-term chart structure. Such a move could attract fresh buying pressure toward the higher projected targets.
