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Showing significant resilience over the past 24 hours, weathering a turbulent deal shaped by wider macroeconomic uncertainty. After falling to $4.78, Tokens rebound to nearly $4.85and finally settled at $4.7771, down 0.98% on the day.
According to technical analysis data from Coindesk Research, ICP has respected its primary support level of $4.80, tested and confirmed multiple times throughout the session. If broader sentiment continues to improve, then this level has become a key pivot area to focus on potential upward space.
Macro factors remain influential throughout the crypto landscape. Although geopolitical tensions have not been determined, despite relative price stability, Bitcoin’s volume, including ICP, increased by $109,000 in the Asian mornings, including ICP.
The ability of ICP to rebound from support while absorbing intraday volatility may indicate increasing traders’ confidence.
Technical analysis highlight
- The ICP trades at 2.54%, with prices fluctuating between $4.78 and $4.90 from 15:00 on July 6 to 14:00 on July 7.
- The strong resistance of $4.90 was tested twice on the evening of July 6.
- $4.80 support is verified by repeated bounces and acts as a launch point moving upwards.
- Between 13:05–14:04 UTC on July 7, ICP rose 0.62% from $4.81 to $4.84, confirming the bullish momentum.
- The price merges between 13:05–13:20 before the start of UTC.
- The sharp sequel between 13:57 and 13:59 raised ICP to $4.85, marking a nearly 2% improvement.
- Volumes between 13:41–13:43 (66,623 ICP) Again at 13:57–13:58 (14,170 ICP)it is recommended that possible institutions buy.
Disclaimer: Part of this article was generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and compliance Our standards. For more information, see Coindesk’s complete AI policy.
