Tag: outperformed

The post Internet Computer bulls reclaim $5. 5 Why ICP may not revisit $5 this week appeared com. Journalist Posted: November 19, 2025 Key Takeaways Why is ICP a potential buying opportunity? Internet Protocol has outperformed many altcoins over the past 24 hours, posting strong double-digit percentage gains. This relative strength shows that a rally to $9. 8 is likely. What is the invalidation for ICP bulls already in swing positions? The $5. 1-$5. 5 was a local demand zone that has been retested in recent hours. It was unlikely that the price would drop lower in the coming days. Internet Computer [ICP] rallied 17% on the 18th of November, and could climb even higher. The daily session was not yet closed at the time of writing. Also, the high daily trading volume of $858 million indicated heavy demand. However, Coinalyze data showed the Funding Rate was negative, even as prices climbed higher. This was a sign of a short squeeze. The market had been overly pessimistic during the retest of the $5. 5 local resistance. A continued price move higher would force these short positions to close, spurring prices higher. What was the importance of $5. 5, and why was the market convinced to take bearish positions? 3 was ripe for a bullish reversal. It also had confluence with the former resistance zone at the same level as in October. It could be that during the price bounce in recent hours, some market participants expected $4. 3 to be.