.png)
1 hour ago
2
Internet Computer soars to $7.02, climbing 34% in a breakout move that confirms renewed bullish momentum backed by exceptional trading activity.
Nov 6, 2025, 6:44 p.m.
ICP$6.9930 extended its powerful rally on Thursday, jumping 33.99% to $7.02 in a move that firmly established a bullish breakout above the key $7.00 threshold.
The sharp rally came amid heavy trading volume and widespread volatility across the broader crypto market, as ICP continued to separate itself from the sector’s prevailing weakness, according to CoinDesk Research's technical analysis data model.
The token surged from $5.26 to reach a high of $7.20, posting one of its strongest daily performances in months. The decisive break above $7.00 marked a psychological and technical milestone for the asset, transforming prior resistance into a new support zone.
Trading activity intensified throughout the day, with 19.57 million tokens exchanged, roughly three times the 30-day average. The most pronounced acceleration occurred during the 14:00–17:30 GMT window, when prices vaulted from $6.40 to $7.18 —a 12% intraday surge supported by expanding volume and trend-confirming momentum indicators.
The sustained pace of participation validated the breakout as a structurally significant move rather than a speculative spike.
While short-term consolidation above $6.95–$7.00 may follow, the broader technical outlook remains constructive. The strong upward trend, coupled with breakout confirmation on high volume, suggests the potential for continuation toward the $7.25–$7.40 range in coming sessions, provided the newly formed support zone holds.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
Inside Zcash: Encrypted Money at Planetary Scale
A deep dive into Zcash's zero-knowledge architecture, shielded transaction growth, and its path to becoming encrypted Bitcoin at scale.
What to know:
In 2025, Zcash evolved from niche privacy tech into a functioning encrypted-money network:
- Shielded adoption surged, with 20–25% of circulating ZEC now held in encrypted addresses and 30% of transactions involving the shielded pool.
- The Zashi wallet made shielded transfers the default, pushing privacy from optional to standard practice.
- Project Tachyon, led by Sean Bowe, aims to boost throughput to thousands of private transactions per second.
- Zcash surpassed Monero in market share, becoming the largest privacy-focused cryptocurrency by capitalization.
More For You
Stellar Faces Renewed Selling Pressure as XLM Reverses From Key Resistance
Stellar (XLM) slid 2.2% amid heavy selling at the $0.2815 resistance level, confirming continued bearish momentum as volume spiked.
What to know:
- XLM fell from $0.2789 to $0.2727, marking its latest lower-high formation and reinforcing a short-term downtrend.
- Trading volume surged 62% above average to 42.6M tokens at resistance, where sellers firmly rejected a breakout attempt.
- A break below $0.2709 could open the door to further downside, while resistance remains entrenched near $0.2815.
