Internet Computer (ICP) prices experienced a remarkable surge, skyrocketing over 10% to reach $3.96. This impressive growth makes ICP one of the few Layer-1 tokens registering double-digit weekly gains and stands as a notable outlier in the current cryptocurrency market. The catalyst for this rally isn’t solely due to optimistic sentiment but rather a confluence of factors. Short liquidations, a timely technical bounce supported by Fibonacci levels, and a robust volume increase propelled ICP upwards. 8.1% added to its market cap to reach $2.13 billion in just 24 hours with trading volume surging to $449.92 million. Despite the overall bearish trend on the weekly chart, ICP proved resilient, defying expectations. The rally coincided with bullish divergence, observed on lower timeframes, even as it continued to track a broader downtrend since March. Bulls have gained the upper hand but how sustainable is this run, and what can we learn about the next move by analyzing open interest across futures contracts? )