Reviewed by Reviewed by Jibin Mathew George Updated 17:30 EDT September 29, 2026 Share Share Share Back to Top Internet Computer [ICP] gained about 6% on September 29, climbing from the $3.15 price level to about $3.33
The daily rise is only part of the story, as ICP has now recovered roughly 60% from its August low near the $2.05 price level. Although weakening social sentiment suggests traders are not fully convinced the rally will continue
ICP spent much of June and July moving lower before reaching its recent bottom in early August
The recovery started slow but buying picked up during September. It reclaimed the $2.60 price level, crossed $3, and continued toward its latest high near the $3.48 area
Looking at its current position above the main price averages shows that the recovery has developed for a while. What this means is that buyers have been able to maintain control for longer than a single trading session
Trading activity has also increased as it approaches the $3.50 price area. This shows how positive the advance is, but the latest candle shows some resistance near that level. The price reached $3.48 before it went back toward $3.33
That makes the $3.40–$3.50 price area the next area to watch. If it moves beyond it convincingly, the recovery continues. However, if it fails, traders who bought earlier might want to take their gains
ICP’s social sentiment gauge also shows a more cautious picture
Online discussion became more positive as it climbed through September. But that enthusiasm has since cooled, with the indicator dropping slightly below neutral even while the price continues to rise
This does not mean a certain reversal. This is because prices can keep climbing even when sentiment is mixed. But what the change suggests is that there have been differences in the trends of confidence and the latest gains
If ICP falls, the $3 price area is the first important level to watch. If it holds above it, it would preserve the recent breakout and leave the broader recovery intact
But a fall below the $3 price level could bring the $2.70 region back into focus. That area is close to where ICP traded before its latest rally began
Some market commentary has raised the possibility of ICP reaching $10. But this would require it to gain around 200% from its current price. With no confirmed catalyst supporting that forecast, $10 remains a speculative long-term target rather than a realistic near-term level
Adewale Olarinde is a crypto journalist and data-driven storyteller with a Master’s degree in International Relations. He covers digital assets, markets, and policy with a focus on clarity and context. Outside of work, he’s a lifelong Manchester United supporter and a big music lover
