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Internet Computer surged strongly this week, jumping 12% in one go, with a market cap now around $1.95 billion. This rally finally broke a more than two-month decline, and in the short term, there’s a chance to push towards $3.78, with some even planning to reach the psychological level of $5.
But to be honest, there are many hurdles on the road. First, it needs to successfully break through the $3.78 barrier, and there’s still selling pressure at $4.34 waiting behind. According to the SAR indicator, buyers are still in the lead, but the cumulative distribution indicator is flashing yellow—selling pressure has not completely dissipated.
Community enthusiasm is quite high, with about 73% holding a bullish attitude. However, to truly reach $5, it’s still necessary to maintain short-term support levels and continue to gently absorb supply. Having buying momentum is good, but don’t forget that the market could adjust or consolidate at any time.