![Internet Computer [ICP]](/cdn-cgi/image/onerror=redirect,width=640,height=640,format=webp/https://storage.googleapis.com/uploads.mongoosehq.com/url/media/93236321/297f7810dadfbdc072031b5a0e37e0d503739e67a394d2b5f733e5b57fd07170)
Overview
- ICP jumped as much as 34% to $4.78 on Thursday before pulling back, lifting weekly gains to about 45%.
- DFINITY’s Mission 70 targets at least a 70% inflation reduction by end-2026, including a 44% cut from lower voting and node rewards and further declines tied to higher on-chain activity.
- Nansen reported a 63% drop in ICP held on exchanges over 24 hours, signaling heavy withdrawals that can reduce near-term sell pressure.
- Charts show a break above a two-month descending trendline with a weekly bullish flag forming, though resistance sits near $3.78, $4.34 and around $5.30.
- Trading volume rose to roughly $797 million in 24 hours as momentum indicators turned positive, even as longer-term accumulation metrics remain cautious.