Internet Computer (ICP) reclaimed the $3.00 level , signaling a short-term shift in buyer momentum. The move accompanied a near-doubling of trading activity and technical confirmation above a key trend indicator.
ICP traded at roughly $3.013 on January 2, 2026, peaking intraday near $3.03. Reported 24‑hour gains varied slightly by data provider—CoinGecko showed a 3.97% rise while Coinbase registered about +3.78% to +3.81%—a discrepancy typical of fragmented price feeds. Coinbase also recorded a roughly 99% increase in 24‑hour volume over the prior day, underscoring the intensity of the move.
Technically, ICP climbed above the SAR (Stop and Reverse) indicator, which analysts interpret as a short‑term bullish signal. Price holding above the $2.90–$2.95 zone keeps the bias constructive and opens the possibility of tests in the $3.05–$3.10 area, per market commentary and exchange analysis.
“Price is now back above the SAR level which suggests momentum has shifted in favor of buyers for the short term,” a Binance post observed, adding that the $2.90–$2.95 band is a key anchor for the rebound.
Market context and implications for ICP traders
The bounce is modest relative to ICP’s all‑time high of $630.00 on May 10, 2021, but the psychological crossing of $3.00 and the sharp volume uptick matter for market structure. Analysts linked part of the confidence to clearer U.S. rules after the Digital Asset Market Clarity Act passed in July 2025, which market participants say has reduced regulatory uncertainty for institutional exposure.
For traders, the volume spike suggests short‑term participation and lower immediacy risk for scaling into positions, though slippage remains across venues. Perpetual and spot desks should monitor funding and open interest for signs of leverage accumulation that could amplify reversals. For crypto treasuries, the episode highlights execution and custody considerations when increasing exposure amid elevated intraday volatility.
The rebound from the upper $2.80s to just above $3.00 represents a small absolute move and is vulnerable to broader market pullbacks. Divergent price reads between aggregators illustrate liquidity fragmentation; institutions should account for execution cost dispersion across venues.
Investors are watching whether ICP can sustain trading above $3.00 and close the gap toward the $3.05–$3.10 zone. A confirmed hold above $2.95 would validate the short‑term bullish case, while failure to do so would likely reopen downside toward prior support levels.
