The Internet Computer (ICP) is demonstrating resilience as bulls defend a key support level, with the token trading at $2.17 and a market cap of $1.2 billion. Network activity has surged, with the protocol recording a peak of 1,459 transactions per second and over 126 million daily transactions, highlighting strong scalability. Accumulation is rising, and improving market structure is strengthening the outlook for a potential recovery toward the $8.9 target.
Internet Computer (ICP) price is holding a key support zone as bulls defend levels, keeping a recovery toward $8.9 possible.
The token is currently trading at $2.17, with a 24-hour trading volume of $29.81 million and a market capitalization of $1.2 billion.
Internet Computer recorded 1,459 TPS and over 126 million daily transactions, demonstrating strong scalability.
According to crypto analyst Crypto Woodyz, the ICP price is showing resilience as it continues to trade above a major horizontal demand zone, highlighting strong buyer defense at this critical support area.
The ability to maintain this level indicates growing accumulation interest, with traders closely monitoring whether bulls can sustain control.
As long as the ICP price is trading above the existing support level, the bullish technical picture will be maintained, improving the probability of a move higher to the $8.9 target level.
Breaking through important resistance levels might boost buying momentum, whereas a break below support may undermine the positive outlook.
Data from Chainspect highlighted that the Internet Computer Protocol reached a peak of 1,459 TPS during a seven-day period.
This underscores its capability to handle decentralized applications despite high demand for the services offered on the blockchain.
In addition, ICP carried out over 126 million transactions on one day.
Such numbers make the blockchain one of the industry leaders in volume, with daily transactions exceeding the entire lifetime history of some emerging networks.
The strategy for the ICP price depends on bulls sustaining their support level and breaking through crucial resistance levels. Breaking through resistance will enable bullish momentum to move toward the $8.90 target, but failing to hold support may impede that formation.
