Internet Computer (ICP) Price Prediction: Analyst Sees a Rally Ahead

By Afe Funbi

ICP is back on the radar, and this time the setup feels different from past false starts. After spending a long period stuck near cycle lows, ICP is finally showing signs of life across both price action and on-chain data.

The move higher hasn’t been explosive or dramatic, but it has been steady, and at this stage, that’s exactly what matters. When Four Crypto Spaces said “ICP may just be getting started,” it doesn’t sound nearly as far-fetched once you line up the charts and step back from the day-to-day noise.

$ICP is just getting started.🚀 pic.twitter.com/vKlBWfp9Al

— FOUR | Crypto Spaces (@X_Four_iv) January 15, 2026

Market cap and drawdown data point to a stabilizing ICP price

One of the more telling changes is happening beneath the surface, in ICP’s market cap behavior. For a long time, every bounce struggled to gain traction because capital kept flowing out. That pattern is starting to shift.

Recent data from Glassnode shows ICP’s market cap climbing from around $1.7 billion toward the $2.4 billion area before easing back slightly. The key detail isn’t the pullback itself, but how controlled it has been.

Instead of collapsing alongside price, market cap has stayed relatively elevated compared to previous lows. That indicates capital is sticking around rather than heading for the exits.

The drawdown-from-all-time-high chart backs up that idea. ICP spent a long stretch sitting near extreme drawdown levels, close to a 98% decline from its peak. That kind of compression typically shows up late in bear cycles, not at the beginning.

What’s changing now is direction. The drawdown has started to improve as the ICP price pushes higher, moving away from its worst readings. This doesn’t mean a full recovery is locked in, but it does indicate the relentless downside pressure has faded. 

The market has stopped setting new lows; this is typically the first sign when a sustained turnaround is to come. It’s a subtle change and is easily overlooked, but this is when past recoveries have started.

The ICP daily chart shows structure taking shape

On the daily chart, the ICP price has left the quiet period and is entering a more active phase. After a series of sideways actions running for weeks, it is finally above and has reclaimed the $3.50-$4.00 area. The move is with rising volume, which indicates volume is not drying up but is rising.

Since then, the daily pattern has started printing higher lows. There has been a retreat from the highs near $4.80, but this has not been a breakdown. Instead, it is forming a consolidation phase above the former resistance areas, now acting as short-term support.

Daily ICP price chart analysis

This type of behavior usually points to digestion rather than rejection. Markets rarely move straight up, especially after being dormant for so long. What matters is that buyers are stepping in sooner on pullbacks than they did before.

The ICP 4-hour chart highlights where the fight is happening

On the 4-hour chart, the ICP price is clearly pressing into a familiar resistance zone just below $5.00. This area capped price multiple times in the past, so it’s no surprise momentum has slowed as price pushes into it.

What’s encouraging is what’s happening underneath. Price is holding above rising short-term moving averages and well above the broader support zone around $2.80–$3.00. That support lines up with earlier accumulation and represents the level bulls want to protect if this trend is going to stay intact.

4-Hour ICP price chart analysis

RSI on the 4-hour timeframe is elevated but not stretched to extremes. Momentum is strong, but not overheated. A brief cooldown wouldn’t damage the structure, as long as price holds support and avoids a sharp rejection.

The levels that matter from here

For the ICP price, the $5.00 region is the immediate obstacle. A clean break and hold above that level would open the door to higher targets, with the next major zone of interest sitting around $6.00–$6.50 based on past structure.

If the price breaks below the level of $3.50-$3.60, it will be a preliminary indication that the momentum is slowing down. If it further declines to around $3.00, it will be a signal for a return to consolidation rather than further upside.

So far, neither scenario has played out. Price is sitting in between, tightening up and waiting for the market to make a decision. According to CoinCodex’s 1-month ICP price prediction, the token could sit around $4.19, but the chart is still what really matters. 

What’s next for ICP?

What separates the current move from earlier attempts is the context around it. Previous bounces happened while the market cap was falling and drawdown was worsening. This time, both metrics are improving alongside price.

The ICP price hasn’t entered a confirmed bull market yet, but it no longer looks stuck in a dead zone either. Structure has improved, capital appears more stable, and downside pressure has eased across multiple metrics.

As long as ICP holds above recent support and continues to defend higher lows, pullbacks look more like pauses than failures. A decisive move above resistance would likely draw in fresh interest and push the chart into a new phase.

For now, ICP is doing something it hasn’t done in a long time. It’s holding its ground while building momentum.

Source:: Internet Computer (ICP) Price Prediction: Analyst Sees a Rally Ahead