ICP rebounds to four-month high of $3.40 as trading volume jumps 61%

  • Internet Computer rebounded from $2.90 to a four-month high of $3.40.
  • ICP traded near $3.30, up 12.5% daily, as volume rose 61%.
  • Daily ICP turnover reached $45 million for the first time since June.

Internet Computer (ICP) rebounded from $2.90 after falling below $3 support, reaching a four-month high of $3.40 before trading around $3.30, up 12.5% on the day. Trading volume rose 61%, daily turnover reached $45 million for the first time since June, and the token moved above its short-term moving averages. The recovery follows support from Dominic, founder of DFINITY and ICP, for a governance-related initiative and extends ICP's earlier rebound from an early-August low near $2.05. Bullish technical forecasts and exchange outflows have supported the constructive case, though weakening social sentiment and a possible rising-wedge breakdown leave the rally's durability uncertain.

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