Internet Computer (ICP) surges 60% in a week amid strong AI sector growth, but caution advised as bear trend persists.

Internet Computer (ICP) has surged 60% in a week, boosted by a strong AI sector that saw a 26% rise in market cap. The key $3 level was recently flipped to support, signaling potential bullish momentum. However, despite this rally, the long-term trend remains bearish, and the current rise is seen as a relief rally that could extend to $4.21 or $4.82. Traders are advised to take profits cautiously and watch for a breakout above $4.82 to confirm a bullish trend reversal. This rally coincides with Bitcoin climbing above $80K, creating favorable conditions for altcoins like ICP.