Internet Computer Breaks Out of Falling Wedge Pattern, Signals Potential for Bullish Trend

The Internet Computer (ICP) has broken above a year-long falling wedge pattern on its 3-day chart, signaling early signs of a structural shift in the market. This bullish breakout coincides with increased trading activity and signifies potential momentum towards higher price levels. Key support levels are identified at $4.90–$5.00 and resistance is expected at $6.00–$6.50. 75% increase in trading volume to $1.21 billion was observed over the past 24 hours, indicating a significant shift in buyer activity.