Key Notes
ICP jumped 200% in one week, adding over $3.1 billion to its market cap.
On-chain data shows record futures open interest and trading activity.
ICP is trading around $8.5, with analysts eyeing $20 in the near-term.
The Internet Computer has continued its explosive rally, surging nearly 39% on Nov. 7 alone. This extends the cryptocurrency’s seven-day gain to over 200%, adding $3.1 billion in market cap.
The rally has made ICP the world’s largest AI blockchain, flipping Bittensor . According to the data by CoinMarketCap, ICP currently trades at $8.56 and boasts a market cap of $4.57 billion, climbing into the top 30 cryptocurrencies.
Data from CoinGlass, futures open interest (OI) for ICP across major exchanges has reached an all-time high of $237.92 million. Rising OI indicates that fresh capital is flowing into the market.
ICP price chart with RSI and Bollinger Bands | Source: TradingView
The price has also broken far above its upper Bollinger Band, often a sign of short-term overheating.
However, analysts are eyeing higher price targets on social media. Ali Martinez noted that bullish momentum could continue, identifying key resistance zones at $7.50, $11.50, and $20.
Three key resistance levels to watch for Internet Computer $ICP during this pump:
• $7.50
• $11.50
• $20 pic.twitter.com/PupfiuL9yS— Ali (@ali_charts) November 6, 2025
If ICP sustains its volume and investor confidence, the current rally could extend further, making it one of the best crypto to invest in right now.
