Internet Computer Tops Web3 Transaction Activity—Why ICP Price Is Still Struggling to Reclaim $3 | Price Analysis

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Price Analysis
Sep 16, 2026
2min read
byShubham Vishwakarma
forCoinpedia

<img src="https://xpertsstudio.com/wp-content/uploads/2026/09/ICP-Price-Rallies-After-Upbit-Listing-Can-Internet-Computer-Hit-4-Next-1-1.jpg” alt=”Internet Computer Tops Web3 Transaction Activity—Why ICP Price Is Still Struggling to Reclaim $3″ loading=”lazy”>

Internet Computer (ICP) led 24‑hour Web3 transaction rankings with 134.5 million transactions versus Solana’s 123.4 million, highlighting strong on‑chain network activity but not necessarily user adoption or revenue growth. Despite the activity, ICP trades below $3 after rejection at the $3.20–$3.40 resistance; a successful bounce from $2.20–$2.40 support could retarget $2.80–$3.00 while a breakdown below $2.20 risks a move toward $2.00, posing mixed implications for token adoption and price momentum in the crypto and DeFi ecosystem.

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Internet Computeris drawing fresh attention after ranking first in a 24-hour Web3 transaction comparison with 134.5 million transactions, surpassing Solana’s 123.4 million. Despite this activity advantage, ICP’s price continues to trade below the critical $3 mark, reflecting the resistance faced during its recent recovery. Investors are now watching whether the support structure can hold and provide the foundation for another attempt toward higher resistance levels.

Internet Computer Records 134.5M Transactions, Leading the Activity Ranking

The latest 24-hour transaction ranking places Internet Computer at the top with 134.5 million transactions, followed by Solana with 123.4 million. BNB Chain ranked third at 19 million, while TRON and Stellar recorded 15.7 million and 10.6 million, respectively.

The figures highlight ICP’s reported transaction activity during the measured period, although transaction volume alone does not confirm equivalent growth in active users, network revenue or application adoption. The composition of these transactions and the level of sustained activity remain important factors when evaluating the network’s broader fundamentals. Nevertheless, the ranking adds a positive network-usage narrative as ICP attempts to recover from its extended period of price weakness.

ICP Price Analysis: Recovery Rally Faces Rejection Near Major Resistance

ICP’s daily chart shows a prolonged decline followed by a recovery from the $2.00–$2.20 support region, with price gradually forming higher lows inside an ascending structure. 

The rebound carried ICP price toward the $2.80–$3.00 area, but sellers later rejected the move near the broader $3.20–$3.40 resistance zone. This pullback has brought the token closer to the marked support area around $2.20–$2.40, where buyers must defend the recent recovery structure. A successful bounce could push ICP back toward $2.80–$3.00, while a sustained breakout above $3.00 would improve the bullish setup and reopen the path toward $3.20–$3.40. Conversely, a breakdown below $2.20 could expose the $2.00 region.

Why ICP Price Is Struggling to Reclaim $3 Despite Strong Network Activity

ICP’s leading Web3 transaction activity has not yet translated into sufficient buying pressure to overcome the $3.20–$3.40 resistance zone. The recent rejection shows that sellers remain active at higher levels, keeping the recovery under pressure. A sustained bounce from the $2.20–$2.40 support region could help buyers rebuild momentum toward $3, while a breakdown below this zone may extend the consolidation.

Source: cryptorank.io