After weeks of compression, Internet Computer price is now showing signs of breakout strength, with a sharp rebound pushing it toward a key resistance zone. The asset is trading around $5.71 as of June 9, having gained over 10% from last week’s local low. Bullish chart patterns and momentum indicators are supporting the current advance, but traders are watching closely to see if price can sustain above key technical thresholds.
What’s Happening With Internet Computer’s Price?
The daily chart shows that Internet Computer price today is attempting to clear the 78.6% Fibonacci retracement at $5.81, which is acting as a short-term ceiling after Friday’s sharp rally. The rally began from a higher low around $4.68, pushing through the 61.8% Fib level ($5.57) and accelerating past $5.40—a previous inflection point. Momentum has been bolstered by a clean breakout above the descending trendline visible on both the daily and 4-hour charts.
The Ichimoku Cloud on the 30-minute chart offers additional confirmation. Price is holding well above the cloud, while the Tenkan and Kijun lines have crossed bullishly. This structure suggests that buyers are in control in the near term, with cloud support now seen between $5.64 and $5.66.
Internet Computer Price Action Breaks Out Above Resistance
On the 4-hour timeframe, the Internet Computer price action has cleared several EMA clusters. The price is currently above the 20, 50, 100, and 200 EMAs, which are tightly aligned between $5.21 and $5.36. This alignment signals bullish continuation, especially as the price expands outside the Bollinger Bands’ upper range near $5.79.
Support has been established around $5.21 and again at $4.87. The previous rejection zones between $5.36 and $5.57 have now flipped into support, creating a base for another possible leg up toward the $6.12 to $6.35 region—marked by Fib extensions and historical supply.
Notably, the recent Internet Computer price spikes on high volume indicate that accumulation may be transitioning into markup, increasing the probability of bullish continuation if resistance is cleared cleanly.
Indicators Show Healthy Momentum But Room for Retracement
The RSI on the 30-minute chart sits near 61.6, suggesting moderate bullishness without being overextended. Meanwhile, the Stochastic RSI has reset from overbought levels, leaving room for another bullish cross. MACD also remains in positive territory, though the histogram shows early signs of tapering, hinting that price could consolidate before another attempt higher.
Looking at the daily MACD, the signal lines are converging in bullish territory after a clean crossover earlier this week. The slope and histogram suggest momentum is building gradually, without yet entering overheated territory—supporting the idea of steady upside rather than a parabolic run.
In terms of Internet Computer price volatility, the Bollinger Bands have widened following last week’s breakout, allowing for larger price moves in both directions. Traders should remain alert to intraday swings, especially if the price tests the upper bands near $5.80–$6.00.
Why Internet Computer Price Going Up Today
Why Internet Computer price going up today can be attributed to a clean technical breakout from a three-month descending triangle, combined with strong buying volume across shorter timeframes. The breach of key trendline resistance and follow-through above the $5.40–$5.57 barrier triggered a wave of long entries.
Additionally, broader sentiment across the altcoin market has turned more constructive, with several tokens showing early signs of recovery. This macro tailwind, combined with the breakout structure, is encouraging buyers to step in aggressively on pullbacks.
ICP Forecast Table for June 10
| Level | Zone/Indicator | Significance |
| $6.12 | 1.0 Fib extension | Key breakout target |
| $5.81 | 78.6% Fib retracement | Immediate resistance |
| $5.57 – $5.40 | Flip zone | Recent breakout base/support |
| $5.21 – $5.12 | EMA cluster (20/50/100/200) | Strong support zone |
| $4.87 – $4.68 | Weekly higher low area | Bullish invalidation point |
| RSI (30min) = 61.6 | Momentum indicator | Healthy bullish range |
| MACD (daily) = Bullish cross | Trend confirmation | Supports continuation of uptrend |
| Bollinger Bands (4H) = Expanding | Price breakout setup | Sign of increasing Internet Computer price volatility |
Short-Term Outlook
The short-term trend for Internet Computer price remains bullish, provided the price holds above $5.40 on any intraday pullbacks. A breakout above $5.81 would likely pave the way for a run toward $6.12 and potentially $6.35 if volume accelerates. However, failure to hold $5.21 would put the uptrend at risk, potentially triggering a retest of the $4.87 region.
For now, the structure favors the bulls. Traders may look for consolidation above the breakout level, with dips being bought as long as macro sentiment holds steady.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
