ICP Slides 3% But Caffeine Launch Sparks Rebound

Internet Computer (ICP) saw a volatile 24-hour agelong marked by aboriginal selling and a crisp rebound After falling to $5.27, the token recovered into the adjacent to settee astatine $5.4324 - trimming losses aft a 3.47% regular decline. The turnaround came amid renewed optimism driven by the authoritative motorboat of Caffeine, a next-generation AI-powered Web3 level built connected ICP.

Unveiled connected July 15, 2025, astatine the “Hello, Self-Writing Internet” lawsuit successful San Francisco, Caffeine empowers users to physique decentralized apps utilizing earthy connection — nary codification required. The platform’s debut marks a important milestone successful Internet Computer’s strategy to merge on-chain AI with seamless dapp creation, helping to ignite buying involvement precocious successful the day.

Overnight, bears pushed ICP from $5.39 to $5.20 connected measurement exceeding 850,000 contracts astatine 03:00 UTC, according to CoinDesk Research's analysis.

However, the scenery shifted aft 14:30 UTC connected Tuesday. ICP dropped to $5.27 but past reversed higher connected a bid of institutional-sized measurement spikes. This flurry of enactment lifted the token backmost to $5.34, narrowing the day’s losses and reinforcing purchaser beingness astir the $5.27-$5.28 enactment band.

Fundamental advancement further bolstered sentiment. The DFINITY Foundation has burned implicit 1 cardinal tokens to tighten supply, portion its caller vetKeys privateness protocol addresses captious concerns successful blockchain information security.

With AI present unrecorded on-chain via Caffeine and method buyers stepping successful adjacent cardinal support, ICP appears poised to trial absorption astatine $5.40 erstwhile again, backed by ecosystem momentum and strategical upgrades.

Technical Analysis Highlights

• ICP fell 3.47% successful 24 hours, with a $0.30 intraday dispersed from $5.50 to $5.2115.
• Caffeine’s motorboat introduced AI-powered dapp creation, driving bullish sentiment.
• Bears pushed terms little early; $5.20 enactment held steadfast connected dense overnight volume.
• A rebound lifted ICP from $5.27 to $5.34 aft a question of accumulation.
• Notable measurement surges: 14:52 (41,106), 15:03 (44,658), 15:29 (17,658).
• Resistance remains astatine $5.40–$5.42, wherever rallies repeatedly paused.
• Support re-established astatine $5.20–$5.28 pursuing recovery.
• Current price: $5.4324, holding supra intraday lows and showing upward bias.

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.