ICP Jumps 7.9% to $7.77 as Breakout Rally Extends on Heavy Volume
NEW YORK, Nov. 7, 2025 Internet Computer’s token (ICP) climbed 7.9% to $7.77, extending its strong weekly rally as trading volumes soared. Market activity spiked 261% above the 30-day average, signaling renewed investor interest and momentum across major exchanges.
According to CoinDesk’s latest note, the rally positions $8.00 as a key resistance level, with near-term support seen around $7.40–$7.50. Analysts suggest sustained volume and broader market strength could help ICP maintain its breakout trend, while traders watch closely for confirmation above the $8 threshold.
Breakout extends with heavy participation
ICP advanced 7.88% to $7.77, outpacing broader crypto benchmarks as buyers leaned into momentum from earlier sessions. According to CoinDesk, roughly 20.11 million ICP changed hands—about 2.6× typical daily volume underscoring expanding market engagement from both traders and institutions. CoinDesk
Intraday range and levels to watch
Price action included a push to a session high near $8.76 before settling back as some participants locked in gains. Analysts are eyeing $8.00 as immediate resistance; a sustained close above could open room toward $8.50–$8.90, while the $7.40–$7.50 zone is viewed as first support if momentum stalls.
Structure still favors bulls
The recent sequence of higher lows suggests the uptrend remains intact following the prior day’s breakout through overhead supply near $7.00. Independent coverage likewise noted multi-day strength and relative outperformance versus the market.
Context & Analysis
The combination of rising price, outsized volume, and sequential higher lows typically supports trend continuation. However, after a swift run ICP hit an intraday peak near $8.76 overbought pockets and headline risk can increase volatility. Traders often look for confirmation via strong daily closes above resistance and sustained volume expansion.
Conclusion
ICP’s close at $7.77 keeps its bullish breakout setup intact, with traders eyeing a key test of the $8.00 resistance level. Market sentiment remains constructive as strong volume continues to back the token’s recent momentum, signaling potential follow-through in the near term.
A decisive move above $8.00 could open the path toward the $8.50–$8.90 range, reinforcing confidence in the uptrend. However, if prices slip below the $7.40–$7.50 support zone, it may trigger profit-taking and a deeper short-term correction before bulls attempt another recovery leg.
FAQs
Q : What moved ICP today?
A : A breakout continuation with volume 261% above the 30-day average supported a 7.9% gain to $7.77.
Q : What are the key levels after today’s move?
A : Resistance sits near $8.00; support is $7.40–$7.50.
Q : Did ICP set a notable intraday high?
A : Yes, it reached about $8.76 before consolidating.
Q : Is the trend still bullish?
A : The pattern of higher lows and expanding volume suggests the uptrend remains intact, pending confirmation by daily closes.
Q : How does today compare with the broader crypto market?
A : Coverage indicates ICP outperformed peers during the session amid strong participation.
Q : Does this confirm long-term upside?
A : Not by itself. Traders look for sustained closes above resistance and consistent volume to validate further targets. (General guidance)
Q : Where can I follow live ICP pricing?
A : Live charts and history are available via CoinDesk Prices, Yahoo Finance, and TradingView.
Facts
Event
ICP extends breakout; ICP price jumps 7.9% to $7.77Date/Time
2025-11-07T22:37:00+05:00Entities
Internet Computer (ICP); CoinDesk (market note)Figures
+7.88% close; $7.77 price; 261% above 30-day volume avg; intraday high ~$8.76 (USD)Quotes
“Volume spiked 261% above the 30-day average… key resistance near $8.00 and support at $7.40.” CoinDesk market update. CoinDeskSources
CoinDesk market note (Nov. 7, 2025) + Yahoo Finance daily range (Nov. 7, 2025). CoinDesk+1