Internet computers have spent the last two years trading in a downward spiral, and any attempt to do so could lead to further declines. Even today, a The price of ICP shares it is still stuck around $2.5, a fraction of its previous cycle, although it has shown signs of stabilization in recent weeks.
After all, online services are slowly exploding, leaving big blockchains like Solana behind. In general, such a large growth can be expected to improve business sentiment and contribute to a significant increase. However ICP continues to trade within the long-term trend. This raises a very important question for entrepreneurs and investors alike: if the Internet services are exploding, why has it not translated into a valuable meeting of the ICP?
The Internet Computing Service Is Growing
An important image on the Internet On the computer it looks very powerful. According to recent data, the network currently runs at around 6.7K transactions per second (TPS), making it the most successful blockchain compared to more than double Solana’s 3.2K TPS.
This difference is even more impressive considering that many other large networks do less than 250 TPS, highlighting the advantages of ICP. After all, in the last 180 days, the Computer Computer has changed about 75.7 billion, with daily counts rising from about 300-350 million at the beginning of the period to a peak of close to 750-800 million in May.
Even after this, networks have been keeping more daily activity than before, indicating that usage remains high rather than just an event. From a practical point of view, these metrics can contribute to robust calculations because the number of occurrences often reflects the extent of natural phenomena and adaptation.
ICP Price Remains Locked in Long-Term Downtrend Despite Changes
On a weekly basis, ICP has been trading within a well-known bearish trend since early 2024, making both highs and lows. The recent jump to $2.50 did little to change that trend. In fact, the indicator is still trading near the lower limit of the channel, which means that buyers are protecting the support but do not have the necessary strength to trigger the necessary breakout.
Until the ICP closes above the channel’s upper level, the trend remains strong.
The On-Balance Volume (OBV) has stabilized and is also showing signs of gradual change, indicating that the sale of goods may be limited. However, the Accumulation / Distribution indicator continues to decline, which means that a large accumulation of long-term investors has not occurred. In other words, even though business activities have improved, fixed income remains low.
Therefore, the price of ICP should rise and rise above the corresponding low trend; until then, it can continue to remain in the technical bear market.
What is the Next ICP Cost?
For entrepreneurs, the focus should remain on pricing rather than networks. As long as ICP is trading within a downtrend, the spread is in favor of the bears despite the increased play.
The first bullish sign would be a sustained move above $3.00, followed by a breakout that would open the door to $4.00-$4.50 this quarter. On the other hand, failure to hold the $2.20-$2.30 support area could call for another round of trading, with $1.80-$2.00 emerging as the next key area.
Until the autumn, traders will see the meetings as an attempt to restore rather than guarantee a change.
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