Internet Computer (ICP) Holders Face 2 Opposing Signals. Here’s What Each One Says

Internet Computer’s network activity increased while its ICP token price declined, with median daily active addresses rising about 35% to 3,860 between September 22 and October 21 from 2,838 between July 24 and August 22, and daily new addresses up about 45%. ICP fell 8.29% over the past month and traded at $2.78, about 64% below the $7.80 peak reached after the Caffeine AI launch. Analyst nordin.eth said a chart pattern pointed to a $2.40 target, while a move back above roughly $2.85 could change the outlook. Analyst Giannis Andreou called $2.6–$2.8 an immediate floor and said a weekly close below $2.50 would expose $2–$2.20, while a sustained move back above $3.30–$3.60 would put $4–$4.50 in view.