Internet Computer (ICP) Active Addresses Rise 35% as ICP Price Eyes $7

Internet Computer (ICP) is showing signs of improving network activity as on-chain metrics recover from summer lows and traders monitor a potential bullish reversal. Santiment Intelligence reported growth in active and new addresses, while Chainspect recorded 201.1 million transactions on Wednesday. Meanwhile, crypto analyst Crypto With Gopal identified a possible double-bottom formation, with $4.10 emerging as a key resistance level. With the ICP price trading around $2.77 in the supplied data, sustained buying pressure will be crucial to establishing a stronger recovery. Santiment Intelligence reported that ICP’s median daily active addresses increased from 2,838 between July 24 and August 22 to 3,860 between September 22 and October 21, representing growth of approximately 35%.

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