Internet Computer (ICP) Increased 2.98% in the past 24 hours, trading at $4.9487 Beyond the key $4.90 resistance And form a base to further towards the critical psychological level of $5.00.
The rally reflects not only strong technological momentum, but also the traction of the protocol ecosystem, especially in the defi of Bitcoin integrated.
Total supply ckbtc (Bitcoin chain) Since June 9, it has increased from 254 tokens to 349 tokens on ICP, up 37% in less than a month, Highlighted posts on X. This marks the growth of Bitcoin’s Defi infrastructure that flows into ICP, which ensures fast interoperability.
In terms of price action, ICP trades in the $0.21 range between $4.73 and $4.93 and has a clear upward bias. Momentum strengthens volume bursts and high and low structures. The gains of $4.90 to $4.93 in the 10:41–11:40 UTC window are powered by institutional accumulation, with a peak of 59,999 units at 11:29, which is well above the daily average.
ICP support is $4.73, and a successful retest at 10:52 UTC was confirmed as a new support building. With structural strength, growing ecosystem usage and the defense-driven demand for CKBTC, ICP appears to be good and can challenge the next rising milestone.
Technical analysis highlight
- ICP grew 3% in 24 hours, with trading between $4.73 and $4.93.
- The $4.73 support company forms the basis for the assembly.
- The breakout above $4.90 has been confirmed at 10:59 UTC and has made a strong follow-up.
- Volume at 11:23 (33,830 units)11:28 (27,673 units)and 11:29 (59,999 units) Indicates accumulation.
- Before the fresh high, $4.90 was withdrawn at 10:52 UTC.
- Since June 9, CKBTC supply on ICP has increased by 37%.
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