Internet Computer (ICP) posted its lowest average transaction fee of the past week on Thursday, underscoring the network's low-cost transaction environment. According to on-chain analytics platform Chainspect, the average fee reached $0.0000652 per transaction, meaning 100,000 transactions would cost approximately $6.52 in total.

In parallel, crypto analyst Giannis Andreou has outlined a potential recovery path for the ICP price, with several technical levels converging around $16.221. The analysis centers on Fibonacci retracement levels and channel-based resistance, and its outlook hinges on whether the token can reclaim a series of key resistance levels while maintaining its broader recovery structure.

Internet Computer Network Records Lower Transaction Costs

Data from Chainspect showed that Internet Computer recorded an average transaction fee of $0.0000652 on Thursday, marking its lowest level of the previous week. At that rate, processing 100,000 transactions would cost approximately $6.52. Average transaction fees are among the most widely compared cost benchmarks across blockchain networks, since they indicate how economically viable frequent on-chain activity is for both users and developers.

Source: Chainspect's X post

The low fee level highlights one of the network's core features: providing infrastructure for decentralized applications and online services without relying entirely on conventional centralized cloud providers. Lower transaction costs can particularly benefit developers building applications that require frequent interactions with the blockchain.

Still, a weekly low in average fees does not by itself indicate increased adoption or stronger demand. Transaction counts, active users, and application activity would provide additional context for assessing network growth. The fee data offers a fundamental perspective on ICP, while the token's technical structure presents a separate factor for market participants evaluating its potential direction.

ICP Price Breaks Above Downtrend Line

According to Andreou, the ICP price has moved back above its steeper downtrend line, with $2.100 identified as a key support retest on the weekly chart. Under the analyst's roadmap, reclaiming $9.818 would bring the 0.5 Fibonacci retracement level at $11.514 into focus, while a further advance could direct attention toward the 0.618 retracement at $13.736. Fibonacci retracements are a widely used technical analysis technique in which standard ratios — such as 0.5, 0.618, and 0.75 — are applied to a prior price swing to locate zones where a recovering market might stall or reverse.

Source: Giannis Andreou's X post

These levels act more like resistance zones than destinations for price action, and ICP would need to successfully recover and pass each obstacle before they come into play. The analyst also considered that a pullback remains possible, with higher lows potentially forming in between — meaning the entire move is unlikely to be upward-only. As with any single-analyst roadmap, the levels represent one reading of the chart rather than a market-wide consensus.

ICP Price Breakout Could Push the Rally to $16

The most important point in Andreou's analysis sits at $16.221, where the 0.75 Fibonacci retracement coincides with upper resistance estimated from a larger price channel. This overlap creates a notable technical point of interest, as two independent methods lead to the same price range. In a recovery, traders typically watch such confluence zones when identifying possible resistance levels.

However, the formation does not ensure that ICP will reach $16.221. Before that can happen, the token would need to recover $9.818 and move through the intermediate zones at $11.514 and $13.736.

The analyst also mapped the downside scenario in the setup: a weekly close below $2.100, together with an unsuccessful effort to recover the zone, could be considered bearish and would undermine the broader technical picture.

What Comes Next for ICP?

ICP's future technical developments will largely hinge on whether the token's recovery can sustain itself above the downtrend line and regain the resistance levels pointed out by Andreou. A breakout above $9.818 would open up the Fibonacci targets at $11.514 and $13.736, with $16.221 acting as the larger target confluence. Until those thresholds are cleared in sequence, the upper targets in the analysis remain out of reach.

Failure to move back above resistance would stall the recovery, while breaking below $2.100 without a subsequent reclaim would weaken the technical picture. Continued scrutiny of transaction fees and network activity may also help determine whether ecosystem development is keeping pace with the cheap infrastructure provided by Internet Computer. For now, ICP's technical rebound depends on breaking through the important resistance levels that currently block the way to the analyst's target.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.