Internet Computer (ICP) has surged over 80% in the first week of November 2025, climbing from below $7 to above $8, with its market cap exceeding $3.1 billion. The rally was fueled by explosive trading activity, with spot volume hitting $720 million and total ecosystem volume reaching $1.41 billion on November 2—the highest since March 2022. On November 5 alone, ICP broke the $7 resistance with 19.57 million tokens traded, 288% above the 30-day average, while futures open interest hit a record $237.92 million, up 92% in days, signaling massive speculative and institutional interest.
Sustained whale accumulation and strong on-chain metrics underpin the rally, with mid-tier holders (1,000–1 million ICP) adding ~2% of total supply in Q3 and exchange reserves dropping 31.4%. Major 2025 protocol upgrades—including Flux/Stellarator for higher throughput, vetKeys privacy vaults, Caffeine AI smart contracts via natural-language prompts, and Chain Fusion for native interoperability with Bitcoin, Ethereum, and Solana—have significantly boosted developer activity. Over 2,000 new developers joined recently, supported by grants and tools showcased at the June 2025 World Computer Summit, positioning ICP as a leading platform for decentralized AI and cross-chain applications.
ICPUSD was one of the best performers in this month.
Any daily close above $10.80 confirms further bullishness.
ICPUSD jumped more than 200% in the past week. The pair holds well above the short-term (34 and 55 EMA) and long-term moving averages. It hit a high of $8.89 and is currently trading around $8.508.
The bullish invalidation can happen if the pair closes below $5.50. On the lower side, the near-term support is $6.99. Any break below the target $6.20/$5.70.
The immediate resistance stands at around $10.80. Any breach above confirms a minor pullback. A jump to $11.50/$13 is possible. A surge past $13 will take to $15.
It is good to buy on dips around $6.99 with SL around $5.50 for TP of $13/$15.


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