The Internet computing crowd finally has something to celebrate besides survival. The ICP price just went up almost 35% to $4.0 before cooling off to $3.70, and for once this wasn’t just a candle fueled by some meme-level delusion. The breakout actually came with a good story that traders could sink their teeth into.
More importantly, ICP/USD managed to break above the 200-day EMA band today, turning a long-standing resistance zone into dynamic support. In crypto terms, that’s basically the chart that screams, “Maybe the pain trade is over.”
WordPress Move fuels demand for internet computers
Well, the rally in the ICP token price really started on May 5 after Dfinity announced on X that WordPress now runs entirely on the Internet computer through the Wasp Technology team.
And no, not partially. The implementation reportedly includes the frontend, WP admin, database and caching system running completely on-chain without external databases, off-chain caches, proxy layers or TEE VPS infrastructure, according to their x-post. That development helped the ICP price rise from the $2.30 support area and gain a total of around 70% during the ongoing rally.
Whale Wallets quietly collect ICP tokens
That said, the walk-in ICP/USD was real, and furthermore, the reality is that retailers alone usually don’t sustain these types of moves. Data about supply distribution in the chain paints a more interesting picture here.
The metric chart shows that the portfolios holding between 10 and 10,000 ICP tokens reportedly reduced exposure in early May. Meanwhile, holders managing 10,000 to 100,000 ICP and even portfolios with 100,000 to 1 million ICP have started to pile up. This makes it clear that purchasing demand is back.
ICP Price expects a larger resistance break
So, moving forward, what’s next? The immediate hurdle is now around the $4.50 resistance area. If the ICP price breaks above that level and turns into support, the likelihood of a move towards $7.00 before the end of the first half of 2026 starts to look a lot less ridiculous.
For now, the Internet computer rally finally has both technical momentum and a narrative powerful enough to keep traders watching.
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