20 hours ago
Internet Computer Protocol (ICP) endured a volatile 24 hours of trading, swinging betwixt $5.29 and $5.63, a 5% intraday scope that highlighted some selling unit and opportunistic accumulation, CoinDesk Research's method investigation information exemplary shows.
The token fell arsenic debased arsenic $5.29, establishing a cardinal enactment portion betwixt $5.32 and $5.35, wherever marketplace information shows notable spikes successful volume, a signifier often associated with organization introduction points.
After bottoming out, ICP staged a decisive reversal opening astir 12:00 UTC, erstwhile trading measurement surged to 976,480 units, astir treble the regular average. This propulsion propelled prices from $5.37 to $5.52, reclaiming method crushed mislaid earlier successful the session.
Still, absorption adjacent $5.63 capped upside momentum. ICP concisely dipped backmost to $5.43 aboriginal successful the U.S. greeting arsenic sellers re-emerged, breaking insignificant enactment astatine $5.48 earlier buyers managed to clasp the $5.44 area.
Technical Analysis
- Range: $5.29–$5.63 implicit the 23-hour period, a 5% spread.
- Support Zone: $5.32–$5.35 showed repeated buying interest.
- Resistance: $5.63 capped upside attempts.
- Volume Spike: 976,480 units traded astatine 12:00 UTC, astir treble the regular average.
- Breakdown Point: Loss of $5.48 enactment triggered a little late-session dip.
- Recovery Phase: $5.37 to $5.52 surge connected precocious measurement marked organization buying.
- Late Selling: Dip from $5.45 to $5.43 arsenic absorption held.
Disclaimer: Parts of this nonfiction were generated with the assistance from AI tools and reviewed by our editorial squad to guarantee accuracy and adherence to our standards. For much information, see CoinDesk's afloat AI Policy.
English (US) 