Internet Computer (ICP) is showing signs of a potential bullish recovery after breaking above a descending trendline, according to crypto analyst BATMAN. While a short-term pullback could test buyer strength, rising total value locked (TVL) and growing real-world asset (RWA) activity are improving ecosystem momentum and supporting expectations for a sustained recovery.

At the time of writing, ICP is trading at $2.24 with a 24-hour trading volume of $74.54 million and a market capitalization of $1.24 billion. Despite a 3.32% decline over the last 24 hours, the token's price structure and network growth point to a potential bullish reversal. (CoinMarketCap)

ICP Price Targets $3.80 After Trendline Breakout

According to BATMAN, the ICP price is facing its first major test after breaking above a descending trendline, potentially signaling a shift toward bullish recovery. The breakout, however, has yet to prove its strength. The Stoch RSI is turning bearish from overbought territory, indicating that short-term momentum could weaken and trigger a pullback toward lower support levels in the near term. (BATMAN's X Post)

The $2.00–$2.10 demand zone has become a critical level for buyers. This range is likely to confirm whether the breakout is valid and whether it can serve as a base for the next upward move. Persistent buying above this level could set the path toward the $3.80 price target.

TVL Surge and RWA Growth Bolster Ecosystem

Data from BSCN highlights that ICP's ecosystem has regained traction, driven by investments into ICP-powered blockchain platforms.

According to DeFiLlama statistics, ICP's TVL increased by more than 10% over the last 30 days and by nearly 8% over the past 90 days. The current TVL stands at approximately $13 million.

Capital is flowing into ICP… Internet Computer Protocol (@Dfinity) has experienced a strong TVL surge across multiple timeframes. According to Defillama, ICP chain's TVL has climbed over 10% in the last 30 days and nearly 8% in the last 90 days. As of writing, the TVL is… pic.twitter.com/eq6EEHLLSc — BSCN (@BSCNews) August 11, 2026 (X Post)

Gold DAO, a platform focused on RWA tokens, accounts for much of the recent growth, with its TVL increasing by nearly 30% within a single week. Meanwhile, the price of ICP has risen approximately 7% over the same period. RWA tokenization — the process of issuing digital tokens representing ownership of physical or traditional financial assets on a blockchain — has emerged as one of the fastest-growing sectors in crypto, with institutional participants including asset managers and banks exploring on-chain representations of commodities, real estate, and securities. Gold DAO's presence on ICP positions the network within this expanding category.

Key Levels to Watch

The ICP price faces a significant test near the $2.00–$2.10 demand region, depending on how traders assess the strength of the new breakout. If ICP holds above this support level, the bullish pattern would be reinforced, potentially allowing for further gains toward $3.80. Additionally, consistent TVL increases and broader RWA adoption could contribute to improved market sentiment.

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