- Throughout Asian buying and selling hours, the worth of Web computer systems rose 12% to almost $3.
- ICP token hit its highest worth of the day amid information of assist itemizing by Upbit.
- If ICP rises above $3, it might retest the $4.55 excessive.
The Web Pc Protocol (ICP) token soared early Wednesday, buying and selling at $2.94 as every day buying and selling quantity soared twofold.
This rally comes amidst a slight resurgence in volatility within the broader crypto market, however what different elements had been driving ICP’s beneficial properties?
As of writing on March 11, 2026, the token worth is hovering round $2.76, and the important thing query is whether or not the bulls can prolong the upside.
Why did ICP costs skyrocket?
The rise within the Web Pc token mirrors beneficial properties within the Synthetic Superintelligence Alliance and Render tokens, each of which rose amid contemporary AI sentiment.
Bitcoin’s rise to almost $71,000 additionally appears to have boosted altcoins.
Nevertheless, one particular motive why ICP costs are rising as we speak could possibly be the information that South Korea’s largest cryptocurrency change, Upbit, will checklist ICP for spot buying and selling.
The March 11 announcement revealed pairs for the Korean Received (KRW), Bitcoin (BTC), and Tether (USDT).
As with different comparable listings, Upbit’s transfer might open ICP to tens of millions of latest customers.
Specifically, Upbit’s assist has considerably elevated ICP’s liquidity and buying and selling volumes, giving the change a dominant market share in one of many world’s most lively crypto areas.
The Web Pc Protocol goals to offer native cloud computing capabilities as a substitute for conventional cloud providers and IT infrastructure, positioning ICP because the foundational blockchain for Web3 purposes.
Analysts anticipate the itemizing to spur additional adoption, particularly as Korean retail traders flock to modern layer-1 initiatives amid rising curiosity in AI and decentralized applied sciences.
ICP worth evaluation
ICP’s rise to close $2.90 follows a interval of consolidation throughout which the worth fluctuated between $2.30 and $2.60.
Wednesday’s surge helped consumers break via resistance, and information reveals bulls broke via resistance as buying and selling quantity elevated. Might ICP costs rise additional?
From a technical perspective, the every day chart reveals near-term bullish potential.
The every day RSI has risen however remains to be under overbought territory, and the MACD is exhibiting upward momentum with an increasing histogram.
The bulls are additionally holding the inventory above its 50-day shifting common (at the moment $2.60).
If the upward momentum is maintained, a profitable breakout and retest of $3.00 might pave the way in which for a rally to the 200-day shifting common of $3.73.
The main support-turned-resistance zone is hovering round $4.55.
Nevertheless, the Worry & Greed Index stays in ‘concern’ territory and market sentiment stays cautious.
Due to this fact, the optimistic trajectory of ICP holders could reverse to unfavorable.
If the worth falls under $2.50, the quick demand reload zone could possibly be $2.35 after which $2.20.