Internet Computer (ICP) jumps 12% on short squeeze and strong network activity, eyeing $4 target.

Internet Computer (ICP) surged over 12% in the last 24 hours, driven by a short squeeze and increased network activity. The price broke above a consolidation range between $2 and $2.80, signaling renewed bullish momentum with technical indicators supporting further gains. ICP also saw a high token burn rate and outperformed other blockchains like Solana and BNB Smart Chain in transaction volume. If bulls maintain support above $2.80, ICP could push toward the $4 mark again.