Internet Computer (ICP) is in people’s mouths again after analyst Sjuul pointed out a striking shape on the chart.
He compared its early surge and collapse to the outline of the Burj Khalifa, placing the tower directly over the chart to show how closely the lines match.
It was a visual way of saying that the ICP price first major move followed a near-vertical rise and an equally sharp fall.
For Sjuul, the message behind the comparison is clear: even big projects can create charts that look like this when traders forget to take profit.
Here’s What ICP Chart Is Showing
Sjuul said the Burj Khalifa pattern is not just a meme but a classic structure that traders have seen countless times. Prices shoot up fast, confidence peaks, and then momentum fades just as quickly.
He stressed that there is a lesson hidden in it: taking profits matters, even in assets with strong narratives. ICP is a project backed by real technology and a large ecosystem, but the chart still shows how brutal market psychology can be when hype outpaces actual demand.
While the early days of ICP were marked by extreme volatility, the recent chart tells a different story. The ICP price has been moving sideways for months near its long-term base level. The price is no longer collapsing, and volatility has dropped significantly.
This is the phase where buyers and sellers tend to reach a temporary balance. For some traders, this kind of flat movement is the stage where accumulation happens quietly.
For others, it is simply a pause after a long downtrend. Either way, ICP is no longer behaving like a vertical freefall.
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The Burj Khalifa Comparison Doesn’t Define the Future For ICP
Sjuul’s warning is about risk management, not the ICPprice long-term outlook. A pump-and-dump pattern describes the past, not the next move.
Internet Computer still maintains active development, new integrations, and a community that believes the project can recover over time.
The ICP chart, however, serves as a reminder that even strong fundamentals cannot shield a token from extreme volatility during hype-driven cycles.
Moreover the ICP price now trades in a zone where strong support has formed, and reactions near this level will guide the next chapter.
If demand grows from here, the long base could become a launchpad for a slow recovery. If not, the price may continue moving sideways until new catalysts arrive.
For now, Sjuul’s message stands: the Burj Khalifa pattern is a lesson to take profit when the market gives it – even in projects as ambitious as Internet Computer.
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