Analyst Warns Internet Computer (ICP) Price Is About to Drop – But This 2030 Forecast Says $1,000 Is Coming
Internet Computer (ICP) has been on a bit of a run lately. Over the past few days, the ICP price has climbed steadily, up 6.14% today alone, now sitting at $5.64. Trading activity has also picked up fast, with volume jumping by over 140% in the last 24 hours, according to CoinMarketCap. That kind of spike usually signals growing interest, not just from short-term traders, but also from investors looking ahead.
But not everyone is convinced this move will last. Veteran trader Matthew Dixon posted an update on X (formerly Twitter), where he shared his take on what’s happening with ICP price. According to him, this latest push upward isn’t the start of a new rally, it’s just part of a corrective move. He described it as a classic ABC wave structure, with the C wave still unfolding. In his view, this kind of setup typically ends with prices heading back down instead of breaking out to new highs.
Backing up his analysis, Dixon shared a chart showing key Fibonacci levels. Right now, ICP is hovering near the 0.5 retracement level around $5.00, with another strong support level down at $4.10. Those areas have helped prop up the price during past corrections. But Dixon warns that once this current wave finishes playing out, Internet Computer price could drop again, possibly back into the $4.00 to $4.50 range, or even lower, unless something changes across the broader crypto market.
What you'll learn 👉
Internet Computer Long-Term Forecast Projects $1,000 Price Target
Despite the near-term bearish outlook, a separate long-term projection map suggests a drastically different trajectory for ICP. The roadmap outlines a gradual rise in valuation from 2025 through 2030, fueled by ecosystem growth, token burns, and broader Web3 adoption.
According to the projection, ICP price could reach $20 to $50 in 2025 as major decentralized applications gain traction. Continued adoption and increased token utility could drive prices between $50 and $100 by 2026. If market sentiment aligns with a Web3 bull cycle, ICP is projected to range from $200 to $500 during 2027–2028. By 2030, the forecast sees the token potentially reaching $1,000 if it becomes a core layer of Web3 infrastructure.
Read Also: Why Kaspa Could Be the Michael Jordan of Decentralized Finance
$ICP’s Road to $1,000 pic.twitter.com/pTC2K28t5H
— ICP Whale ∞ | ICP. The World Computer (@ICP_Whale) June 8, 2025
Internet Computer Price Key Support and Resistance Levels
On the daily chart, ICP major resistance sits at $6.30 to $6.60, with stronger resistance at $7.50. These levels coincide with the potential top of Wave C in the Elliott Wave analysis. If price fails to break through, bears may regain control.
Support continues to hold around $5.00 and $4.10, followed by a psychological floor near $3.00. Any break below $4.00 would likely confirm a continuation of the broader downtrend seen since late 2024.
Moreover, Internet Computer (ICP) current market position reflects a split narrative. On one hand, short-term indicators warn of an impending correction. On the other hand, long-term projections show optimism tied to future use cases and adoption cycles. Traders appear to be navigating between those two outlooks, as volume rises and resistance approaches.
For now, the immediate direction of ICP may hinge on whether the current corrective rally can break above $7.50 or give way to the next leg down.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Read our recent crypto market updates, news, and technical analysis here.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
