ICP price trades around $3.50 after reclaiming $2.92 at the end of October. Trading volume jumped over 20%, showing that more people started buying again when the price was around $2.80–$2.90.
The price tried to move above $3.15, but sellers stepped in and pushed it back down. Moreover, Layer-1 sentiment improved after major October volatility, while cloud service outages revived discussions around decentralized hosting solutions such as ICP.
So, the market is clearly trying to decide where ICP goes next. A breakout? Or more sideways movement?
Here are the main forces that could shape ICP price this quarter.
What you'll learn 👉
Subnet Scaling and AI Integration
ICP subnet upgrade in August 2025 doubled replicated state capacity to 2 TiB. This upgrade makes it possible for bigger apps and more complex smart contracts to run directly on-chain.
The new Caffeine tool lets people build AI apps on-chain without needing to code, which makes development much easier.
Increased subnet usage drives computation burns, reducing circulating supply over time. These developments support a more scalable foundation for DeFi, AI, and enterprise platforms.
$ICP EXPLODING as @caffeineai seals **MASSIVE PARTNERSHIPS** w/ $ETH $SUI $SOL $BTC & **EVERY CHAIN** via Chain Fusion! ⛓️🤝🌐
— ChrisYost.icp (@ChrisYost_) November 2, 2025
Crypto bros → Normies: **Chat-build apps, no code.**
100% on-chain, unhackable, **YOU own it.** AWS = dead ⛓️🛡️☁️
YOUR TURN → Build FREE… pic.twitter.com/hAz2KMDqWR
DeFi Competition and Cloud Outages
Solana’s throughput near 1,000 TPS continues to draw developers seeking cost-efficient blockspace. This puts competitive pressure on ICP as it expands into DeFi services. Outages at AWS and Microsoft Azure showed how fragile centralized cloud systems can be.
Those events renewed attention on decentralized cloud models. ICP benefits from this narrative, though broader adoption depends on proving performance advantages and enterprise-level reliability.
Read Also: Here’s Where XRP Price Is Headed This Week
Whale Accumulation vs Weak Sentiment
Wallets holding between 1,000 and 1M ICP increased positions by roughly 2% of supply during Q3 2025. Accumulation indicates confidence in long-term fundamentals.
Market sentiment, however, is still fragile. The Fear & Greed Index stands at 35, while dominance for Bitcoin is above 59%. Capital continues to favor low-risk assets, reducing momentum for altcoin breakouts.
ICP Price Short-Term Outlook
Internet Computer needs to clear $3.15 to confirm bullish continuation. That level remains the key barrier. If buyers succeed, the ICP price could retest $3.50 and possibly $4.00 later in Q4.
Failure to break out keeps the market in consolidation and risks another dip toward $2.97 or even $2.80. Subnet activity growth and Caffeine’s adoption may be the catalysts that decide which way it goes.
For now, ICP is holding the range, and waiting for the next spark.
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