{"id":19906,"date":"2026-01-15T08:59:52","date_gmt":"2026-01-15T08:59:52","guid":{"rendered":"https:\/\/bitunikey.com\/news\/internet-computer-price-forms-giant-bullish-flag-as-exchange-supply-drops-can-it-break-out\/"},"modified":"2026-01-15T09:00:02","modified_gmt":"2026-01-15T09:00:02","slug":"internet-computer-price-forms-giant-bullish-flag-as-exchange-supply-drops-can-it-break-out","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/internet-computer-price-forms-giant-bullish-flag-as-exchange-supply-drops-can-it-break-out\/","title":{"rendered":"Internet Computer price forms giant bullish flag as exchange supply drops, can it break out?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Internet Computer was one of the best performers in the cryptocurrency market on Thursday, supported by a newly released proposal to combat inflation. At the same time, exchange balances for the token have dropped significantly.<\/p>\n<div id=\"cn-block-summary-block_ec308b6bf43700f90f7294b00b2fb490\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Internet Computer price rose nearly 34% on Thursday, supported by a tokenomics overhaul by the development team.<\/li>\n<li>Whales have been moving their holdings off exchanges.<\/li>\n<li>A bullish flag pattern has been forming on the weekly chart.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, Internet Computer (ICP) rallied 34% to an intraday high of $4.78 on Thursday, morning Asian time, before stabilizing near $4.66 when writing. Its gains extended its weekly profits to 45% and nearly 79% since the beginning of this year.<\/p>\n<p>Besides the initial push from a broader market rebound supported by Bitcoin\u2019s recovery above key levels, the main catalyst driving Internet Computer price was a newly published <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/internetcomputer.org\/whitepapers\/mission70.pdf\" target=\"_blank\" rel=\"nofollow\">whitepaper<\/a> by the DFINITY Foundation, the nonprofit organization overseeing the network\u2019s development.<\/p>\n<p>Dubbed Mission 70, the paper proposes a set of updates to reduce inflation by at least 70% by year-end. This will be done through supply-side reforms that will provide 44% of the reduction from changes, which include slashing voting and node rewards.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The remaining 26% will be targeted by increasing network activity, which will be achieved through AI-powered on-chain cloud engines and autonomous agents.<\/p>\n<p>As inflation declines, Internet Computer is expected to gain renewed investor confidence and broader utility adoption, potentially paving the way for a sustained price recovery over the coming months.<\/p>\n<p>Simultaneously, data from Nansen shows that a supply shock is already brewing. The total balance of ICP tokens held across all exchanges has dropped 63% over the past 24 hours.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/app.nansen.ai\/token-god-mode?tokenAddress=33Fe65GBBLoiSoXKncMkXxrXDz7Bgwk5nLSCpmHKSbda&amp;chain=solana&amp;tab=token-distribution\" target=\"_blank\" rel=\"nofollow\">Nansen<\/a><\/figcaption><\/figure>\n<p>Such massive outflows indicate that whales as well as retail investors are likely moving tokens off exchanges to self-custody wallets or long-term staking neurons, which in turn is creating reduced short-term selling pressure for the token.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ICP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$ICP<\/a> Supply held by Humpback whales reached an ATH again \ud83d\udcc8<\/p>\n<p>Data: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/icterminal?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@icterminal<\/a> <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/s1wgKhwFfv\">pic.twitter.com\/s1wgKhwFfv<\/a><\/p>\n<p>\u2014 Fabio (@Zero2HeroZombie) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/Zero2HeroZombie\/status\/2011329587729560035?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">January 14, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h1 class=\"wp-block-heading\">Internet Computer price analysis<\/h1>\n<p>On the weekly chart, Internet Computer price has been forming a massive bullish flag pattern. It usually leads to a continuation of a bullish trend after a brief period of consolidation amid profit-taking.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1827\" height=\"878\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2026\/01\/1768467592_550_Internet-Computer-price-forms-giant-bullish-flag-as-exchange-supply.webp.webp\" alt=\"Internet Computer price has been forming a multi-year bullish flag pattern on the weekly chart.\" class=\"wp-image-14444910\"><figcaption class=\"wp-element-caption\">Internet Computer price has been forming a multi-year bullish flag pattern on the weekly chart \u2014 Jan. 15 | Source: crypto.news<\/figcaption><\/figure>\n<p>When such a pattern has been confirmed, it has historically been followed with an explosive surge that mirrors the length of the initial flagpole.<\/p>\n<p>For now, the next key target that traders should keep an eye on is at $7.5. The level appears to act as a major resistance from where a breakout from the pattern could likely be confirmed.\u00a0<\/p>\n<p>\ufeffA decisive breakout above this target could propel ICP much higher to $10 or even higher if bulls remain dominant.<\/p>\n<p>Momentum indicators showed bulls remained at an advantage, with the Supertrend flashing green and the MACD lines forming a bullish crossover.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Internet Computer was one of the best performers in the cryptocurrency market on Thursday, supported by a newly released proposal to combat inflation. At the same time, exchange balances for&hellip;<\/p>\n","protected":false},"author":1,"featured_media":19907,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-19906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/19906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=19906"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/19906\/revisions"}],"predecessor-version":[{"id":19908,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/19906\/revisions\/19908"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/19907"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=19906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=19906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=19906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}