Internet Computer Jumps 18% to $3.06 as AI Crypto Rotation Lifts $236 Million Volume
Updated
Updated · TradingView · May 27
Internet Computer Jumps 18% to $3.06 as AI Crypto Rotation Lifts $236 Million Volume
3 articles · Updated · TradingView · May 27
ICP climbed 18% to about $3.06 after rebounding from $2.24 and breaking above the $2.90 ceiling that had capped earlier recovery attempts.
Trading volume surged more than 170% to roughly $236 million in 24 hours as money rotated into AI-linked tokens including Internet Computer, Worldcoin and Fetch.ai.
Network activity added support to the move: Internet Computer logged about 6.5 billion transactions over 30 days, topping Solana's 2.9 billion and underscoring sustained usage.
Technical signals still point higher, with RSI near 57 and 11 buy signals against 2 sells; traders are watching $3.25 resistance, then $3.60-$3.62, while $2.90 is now key support.
Even after the rally, ICP remains more than 99% below its May 2021 peak of $700.65, leaving a wide gap between current valuation and recent network activity.
With its price still 99% below its peak, is ICP's AI-fueled surge a genuine revival or another crypto mirage?
As ICP slashes its token inflation, can it truly challenge giants like Google and Amazon in the AI cloud market?