Internet Computer ICP
ICP cycle analysis · chart, confirmed lows and fundamentals
Amber List Recovering Phoenix · monthly · score 55 bullish lean
70.2% below its 365-day high of $9.83 (2025-11-08), +46.4% off the 365-day low. Snapshot 2026-10-21 UTC.
On the Amber List.
70% below its rolling 365-day high, 347 days after the high.
Recovering: a monthly swing low has confirmed. The badge coexists with the tier; it is not a completed recovery.
Phoenix monthly: stopped falling by the rules, +46.4% above the Aug 2026 trough. Details below.
Since the previous scan.
Tier, recovering badge and Phoenix state are unchanged between these two observations.
Comparing 2026-10-20 with 2026-10-21 UTC. Classification, not price returns.
Recorded timeline →Where it sits in each cycle
a swing low confirms only when a later bar takes out the low bar's highMonthly
- Last bars
- 2Dr 2Dr 3g 2Ug 2Ur
- Confirmed low
- $2.00 · 2026-08-31
- Position
- 2 of median 5.5 (max 14)
- Current low
- $2.00 · confirmed
- Cycle-low confidence
- 41% · in band
- Confirmed lows
- 11
Weekly
- Last bars
- 2Ug 2Ug 3g 2Dr 1g
- Confirmed low
- $2.43 · 2026-09-20
- Position
- 5 of median 5.0 (max 18)
- Current low
- $2.76 · unconfirmed
- Confirms above
- $3.53
- Cycle-low confidence
- 48% · in band
- Confirmed lows
- 49
Daily
- Last bars
- 2Dr 2Dr 1r 3g 2Ug
- Confirmed low
- $2.79 · 2026-10-20 (daily)
- Position
- 1 of median 4 (max 22)
- Current low
- $2.76 · confirmed
- Cycle-low confidence
- 48%
- Confirmed lows
- 374
The full read, in sentences
- Monthly: forming bar is a red 2-Up. Last confirmed swing low 2.00 (Aug 2026), month 2 of a cycle that has typically run 5.5. Cycle-low confidence 41%.
- Weekly: forming bar is a green inside bar. Last confirmed swing low 2.43 (Sep 2026), week 5 of a cycle that has typically run 5. Current low 2.76 is unconfirmed — it confirms above 3.53. Cycle-low confidence 48%.
- Daily: bar is a green 2-Up. Last confirmed swing low 2.79 (2026-10-20), day 1 of a cycle that has typically run 4. Cycle-low confidence 48%.
- Amber List: 70% below the 2025-11-08 high; +46% off the 365-day low.
- Phoenix: 90% decline over 29 months, monthly swing low confirmed (next-bar), now +46% above the trough; first weekly pullback after the low confirmed 2026-09-27 (trigger 2.97).
- Gauges: Mayer multiple 1.15 (neutral); -52% vs the 200-week average; -99% from the all-time high.
Has Internet Computer bottomed?
A confirmed swing low is evidence of a price pattern, not proof of a final market bottom. Here is what the ICP snapshot records on 2026-10-21 UTC:
Monthly: the last confirmed swing low is $2.00 from 2026-08-31. The current candidate is marked confirmed. The latest monthly bar is still forming.
Weekly: the last confirmed swing low is $2.43 from 2026-09-20. A newer candidate at $2.76 is unconfirmed; its confirmation level is above $3.53, provided the candidate low is not undercut first. The latest weekly bar is still forming.
Daily: the last confirmed swing low is $2.79 from 2026-10-20. The current candidate is marked confirmed.
How bottom confirmation works. Cycle-low confidence is a heuristic score, not a calibrated probability of a profitable trade.
How far is Internet Computer below its high?
The Coinbase price snapshot is 70.2% below its rolling 365-day high of $9.83 from 2025-11-08. Separately, CoinGecko reports -99.6% relative to its all-time high of $700.65 in the fundamentals snapshot pulled 2026-10-21.
Different sources and observation times can produce different drawdowns. Compare crypto drawdowns and reference highs.
The recorded history
scan observations, not exact transition timesFirst observed 2026-09-19. 33 observations; absence from a captured scan is unmatched, never recovery.
- First observed: Amber List; recovering · Phoenix monthly
Phoenix
stopped falling, by the rules- Peak
- $20.96 · Mar 2024
- Trough
- $2.00 · Aug 2026
- Decline
- -90.5% over 29 months
- Above trough
- +46.4%
- Monthly
- confirmed (next-bar) · trigger $2.71
- Weekly
- confirmed (next-bar)
- False bottom
- none
- Entry
- pullback #1 low $2.43 confirmed 2026-09-27 · trigger $2.97
| decline | 30 |
| confirmation | 25 |
| earliness | 0 |
| stale | 0 |
| false bottom | 0 |
| bluechip | 0 |
Fundamentals
| Liquidity (24h volume / market cap) can you get out | 2.32 % | 6.1 / 15 |
| Supply overhang (FDV / market cap) unlocked supply waiting to sell | 1.0 x | 15.0 / 15 |
| Size (market-cap rank) survivorship | 57 # | 9 / 15 |
| Usage (price / annualized fees) fees people actually pay to use it (DefiLlama) | 863.2 x | 0 / 20 |
| TVL backing (market cap / TVL) capital parked in it (DefiLlama) | 214.62 x | 0.0 / 15 |
| Fee momentum (30d vs prior 30d) is usage growing into the recovery | -1.1 % | 4.9 / 10 |
| Age on Coinbase survived a cycle | 5.4 yrs | 10.0 / 10 |
7 of 7 measurable; score renormalized over what was measurable.
- Market cap
- $1.87B
- Fully diluted
- $1.87B
- 24h volume
- $43.3M
- Circulating
- 557,028,957
- All-time high
- $700.65 · 2021-05-10 (-99.6%)
- TVL
- $8.7M (chain)
- Fees 30d
- $178.0K
- Revenue 30d
- $184.6K
- Fees 1y
- $2.0M
- Mayer multiple
- 1.148 · neutral
- vs 200-week avg
- -52.2%
- Pi cycle
- 0.449
- On Coinbase since
- 2021-05-10 (1991 bars)
- CoinGecko id
- internet-computer
Continue your cycle research
How to read a crypto cycle chart · Calculation rules and sources