Big red day except for $ICP 🚀 The Primary Driver: Technical Breakout & Volume The most immediate cause for the spike appears to be a major technical breakout fueled by high trading volume: Multiple sources report that Internet Computer (ICP) surged by 35% to 47% in a 24-hour period, climbing to around the $5.25 mark. The price action involved a technical breakout above the critical $3.70–$3.75 resistance zone. Breaking such a strong level often triggers algorithmic trading and significant buying pressure. Trading volume spiked 65% to $779M, which is essential for sustaining a price move. This indicates a large influx of capital, driven in part by a strong trend known as "retail FOMO" The upward move was accelerated by short liquidations (traders betting the price would fall) that occurred around the $3.55 level, forcing shorts to buy back their positions and pushing the price even higher. 💡 Fundamental Catalysts: AI & Cross-Chain Utility While the technical breakout was the trigger, the underlying strength comes from recent advancements in the protocol's core technology, which is changing the narrative around ICP: Chain Fusion: ICP is focused on becoming a multi-chain hub. The Chain Fusion technology allows it to natively interact with other blockchains. There are reports of continued expansion of Chain Fusion, with Bitcoin DeFi integrations expanding its cross-chain utility. The development of assets like ckETH (an Ethereum twin on ICP) and ckBTC is driving network activity. While not the immediate trigger, the Solana integration is planned as the next major addition to the Chain Fusion toolkit in 2025, which is a significant future catalyst. The DFINITY Foundation is implementing an ambitious 2025 roadmap that includes over 40 major updates with a strong focus on AI integration. This positions ICP as a leader in the growing "AI x Crypto" sector. Recent events (like a reported Microsoft Azure outage) have reignited interest in ICP's value proposition as a blockchain-based, decentralized cloud solution for hosting massive decentralized applications (dApps). A recent fundamental upgrade doubled subnet storage capacity to 94 TiB, enabling larger, more complex dApps to be deployed on the network. In short, the technical breakout provided the spark, while the strong development activity in AI and cross-chain functionality provided the fuel for ICP to decouple from the general market decline. Did I forget something?