Internet Computer (ICP) surged by more than 14% in 24 hours, reaching a trading price of $3.46 after breaking out of a descending triangle pattern that had constrained its price for weeks. Whale activity increased significantly across both Spot and Futures markets, with long positions accounting for 65% of total open market exposure. Traders are now eyeing the $4.097 resistance level as the next target, located above the token’s key exponential moving averages. The network was processing around 5,199 transactions per second with a Finalization Rate of 152 blocks per second at press time.
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