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ICP’s price surged nearly 35% to briefly trade around $4.0 before cooling near $3.70. Unlike prior moves attributed to speculative hype, the rally was supported by a clearer catalyst and a notable technical shift in the ICP/USD chart.
ICP/USD has managed to move above the 200-day EMA band, flipping a long-standing resistance zone into dynamic support. In market terms, this is often interpreted as a sign that prior selling pressure may be easing.
The rally gained momentum on May 5 after Dfinity announced on X that WordPress now runs entirely on the Internet Computer through the Wasp Technology team. The deployment is described as fully on-chain, including the frontend, WP-admin, database, and caching system, without external databases, off-chain caches, proxy layers, or TEE VPS infrastructure.
Following the announcement, ICP price reportedly bounced from the $2.30 support region and climbed roughly 70% over the ongoing rally.
While the move was visible in price action, the article notes that retail demand alone typically does not sustain rallies of this magnitude. On-chain supply distribution data suggests a shift in positioning in early May:
This pattern is presented as evidence that buying demand has returned, particularly among larger holders.
Looking ahead, the immediate hurdle is around the $4.50 resistance area. The article states that if ICP breaks above $4.50 and converts it into support, the probability of a move toward $7.00 before H1 2026 closes increases.
For now, the Internet Computer rally is characterized as having both technical momentum and a narrative strong enough to keep traders focused on follow-through.
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