Internet Computer (
$ICP ) is one of the few large-cap crypto assets that already experienced a full hype cycle, a brutal reset, and years of quiet rebuilding.
After peaking near $750,
$ICP went through one of the deepest drawdowns in crypto history. Speculators left. Noise faded. What remained was structure — and long-term positioning.
Now, as we move toward the 2026 market cycle, ICP is no longer trading on hype. It’s trading on time, compression, and asymmetry.
Why 2026 Matters for ICP
Cycles matter in crypto, and ICP has already paid the price early.
• Massive supply shock already absorbed
• Long accumulation range formed over multiple years
• Volatility compression at historically low levels
• Stronger hands replacing weak speculation
Assets that survive a full drawdown and spend years building a base tend to move differently when liquidity returns.
That’s how real re-pricing cycles begin.
The Structure Story
From a market structure perspective,
$ICP is no longer in free fall — it’s in expansion preparation.
Higher lows are starting to form on higher timeframes. Selling pressure has clearly weakened compared to prior cycles. Each dip is being absorbed faster, which is a classic sign of distribution ending and accumulation taking control.
This doesn’t mean price explodes tomorrow. It means risk is shifting.
About the $750 ATH
Will
#icp go straight back to $750? No market works like that.
But ATHs are not random numbers — they represent prior valuation zones where the market once agreed on price during peak liquidity. When cycles turn and narratives revive, those zones act like magnets, not guarantees.
A return toward that region would require:
• Sustained market-wide liquidity
• A full altcoin cycle
• ICP holding higher-timeframe structure
• Time — not emotion
If those conditions align, the upside asymmetry becomes obvious.
The Big Picture
#ICP. doesn’t need hype to move.
It needs patience and a cycle.
2026 may not be about instant fireworks — it may be about re-rating an asset that already survived its worst phase.
When Markets stop asking “why is it down so much?”
and start asking “why is it still standing?”
that’s when the real move begins.
The $750 question isn’t about hope.
It’s about whether the next cycle chooses to remember.