Internet Computer Price Forecast: ICP Targets $10 as Bulls Take Control

Highlights:

• ICP has broken through the 2-day resistance at $6
• Sustained momentum through this resistance could send ICP to $10
• Excitement around the new app is likely to drive ICP momentum 

Internet Computer (ICP) has been pumping over the last few days. Today, this momentum has intensified, and at the time of writing, the Internet Computer was up 26.25% to trade at $6.24. However, trading volumes have dropped by 31.44% in the day to stand at $775.04 million. This could be an indicator that, after a more than 20% pump, new money is cautious that a correction could follow. 

However, the drop in volumes could also mean that those who already hold ICP are not selling. This could be due to the anticipation that the price may rise further. While the likelihood of a correction is always there after a price pump, the odds are high that ICP is headed higher in the short term. Several factors support the continuation of the momentum that ICP has built up so far. 

ICP Sends Signals for a ZCash-like Rally

One of them is the emerging market pattern, characterized by single-cryptocurrency rallies while the rest of the market remains quiet. Among those that have made singular pumps so far are Hyperliquid, Bittensor, and ZCash. Now that ICP is showing strength, investors may start to experience FOMO, expecting a parabolic price move. Signs of FOMO buildup are already evident, as evidenced by the growing ICP hype on social media.

$ICP could very well be the next $ZEC

New volume is coming in at an incredible rate, and it’s very close to breaking the $6.40 resistance zone that’s been in place since March of this year

Market structure is improving, volume is increasing, and the price is about to cross a… pic.twitter.com/owglxuwO8C

— Trader Chase (@Crypto_ChaseTC) November 5, 2025

On platforms like X, ICP is increasingly getting more mentions than the average altcoin. As this hype gets stronger, ICP could rally to new highs in the short term. The hype around ICP further gains strength from the fact that, like those that have preceded it, it is trading at record lows relative to its last all-time high.

At one point, ICP traded at over $500. Investors anticipating a possible retest of these highs could buy in and help drive the demand. Even if it does not retest its all-time highs, FOMO could send prices as high as $100 in the short to medium term. 

Internet Computer Positioning Itself In the Fast-Growing AI Market

Outside of market hype, ICP is benefiting from the fact that the organization behind it has introduced some interesting features. Recently, DFinity, the organization behind ICP, announced the launch of the Caffeine AI App.

🚨𝔹ℝ𝔼𝔸𝕂𝕀ℕ𝔾: Caffeine AI Opens to All: Multi-Modal, Chat-to-App Platform on Internet Computer

Caffeine AI is now public, turning chats into multi-modal apps (text, image, code). Featured in VentureBeat, global tech events, and partnered with @primevaultHQ.#ICP #DFINITY pic.twitter.com/jGXOwvV0dA

— вℓσ¢к¢нαιη ρℓαηєт (@BLOCKCHAIPLANET) November 5, 2025

Users of the App can create their own applications by simply entering instructions via text, image, or code. This is a significant development, as it positions ICP at the center of the rapidly growing AI market. It also gives ICP value that goes beyond usual market speculation. As more investors learn about this App and try it out, the odds are that ICP could be headed to new highs in the future. 

Chart Analysts Point to Bullish Reversal On Long-Term Charts

Internet Computer also stands to benefit from the fact that its charts favor more upside. Multiple chart analysts are noting that ICP has broken out of a long-term descending triangle. This could be an indicator that the trend has reversed and that a new bull cycle has started. Such pattern predictions could drive more buyers into ICP and send it higher by double digits going into the future.

$ICP – Flip this and $10 is coming soon for this one

Very bullish chart right now pic.twitter.com/crzvwVAhtf

— Crypto Bull 🐂 ( Until 5th Sep 2025 ) (@holdersignals) November 6, 2025

Technical Analysis – ICP Rallies Through 48-Hour Resistance

Internet Computer has today rallied through the two-day resistance at $6.00, and with momentum. If bulls sustain this momentum, then a rally to $10 could follow in the short term.

On the other hand, if the bulls lose momentum, two scenarios could play out in the short term. The first is a possible consolidation around $6, which is now support. The other would be a correction through $6, and down to the $4.77 support. Of these two scenarios, the odds are higher for a rally to $10. That’s because FOMO is already building up around ICP.