ICP Rebounds From Intraday Lows as Support at $4.80 Holds Firm

Internet Computer (ICP) exhibited notable resilience implicit the past 24 hours, weathering a volatile trading league shaped by broader macroeconomic uncertainty. After falling to $4.78, the token rebounded to astir $4.85, yet settling astatine $4.7771, down 0.98% connected the day.

ICP has respected its cardinal enactment level astatine $4.80, which was tested and confirmed aggregate times passim the session, according to CoinDesk Research's method investigation data. This level has go a captious pivot portion for traders eyeing imaginable upside if broader sentiment continues to improve.

Macro factors stay influential crossed the crypto landscape. While geopolitical tensions person unsettled markets, bitcoin's instrumentality to $109,000 during the Asian greeting sparked measurement increases crossed aggregate assets, including ICP, contempt comparative terms stability.

ICP’s quality to bounce from enactment portion absorbing intraday volatility could awesome traders' increasing confidence.

Technical Analysis Highlights

• ICP traded successful a 2.54% range, with prices fluctuating betwixt $4.78 and $4.90 from July 6 astatine 15:00 UTC to July 7 astatine 14:00 UTC.
• Strong absorption astatine $4.90 was tested doubly during evening hours connected July 6.
• Support astatine $4.80 was validated by repeated bounces and acted arsenic a motorboat constituent for upward moves.
• Between 13:05–14:04 UTC connected July 7, ICP rallied 0.62%, from $4.81 to $4.84, confirming bullish momentum.
• Price consolidated betwixt 13:05–13:20 earlier a breakout began astatine 13:21 UTC.
• A crisp rally betwixt 13:57–13:59 lifted ICP to $4.85, marking a astir 2% jump.
• Volume surged during 13:41–13:43 (66,623 ICP) and again astatine 13:57–13:58 (14,170 ICP), suggesting imaginable organization buy-ins.

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