Internet Computer (ICP) price jumps 12% as volume and open interest surge

Internet Computer price was trading at $3.42 after a 12.3% surge in 24 hours with 24.86% surge in Open Interest, indicating that traders are opening fresh positions. The funding rate was negative earlier this week, but sellers were squeezed out and it has turned positive at around 0.01%, supporting the ICP price move. Rising price, volume and open interest, along with positive funding, signal strong buyer control. Internet Computer price has kept rising on a daily timeframe and has triggered a pullback. If the price holds over the previous swing high of $3.60, a bullish momentum can be observed.