Internet Computer Protocol (ICP) Its upward trajectory has been expanded in the past 24 hours, 2.29% from $5.25 to $5.37.
According to Coindesk’s technical analysis data model, the token’s price action unfolds between the $0.26 corridor between $5.16 and $5.42, which is a 4.94% trading spread, as Coindesk’s technical analysis data model says traders navigate significant intraday volatility.
The most famous move was in the early morning of August 8, when the number of midnight soared to 3.13 million units, and then at 01:00 UTC soared to 6.93 million units, two figures far exceeding the 24-hour average of 876,000. These inflows always reach bids in the $5.24-$5.27 zone, enhancing the support base. On the plus side, the seller’s centralized price is about $5.39-5.42.
ICP then rose from $5.36 to $5.38, launching a 0.37% boost. Supporters of this climb were an increase between 09:50 and 09:55 UTC, ranging from 27,887 to 39,904 units, tripling the hourly baseline. The rally confirmed $5.33-$5.34 for intradition flooring, breaking through the resistance above $5.36 hints at the possibility of further growth.
Despite Broader market mixed sentimentthe chart structure of ICP has been strengthened. The ability of coins to maintain critical support levels, coupled with increased numbers, emphasizes ongoing institutional engagement and growing confidence in the network’s long-term roadmap, which includes recent performance upgrades and Integrate with Bitcoin features.
Technical analysis highlight
- 24-hour price range: $5.16-$5.42 (4.94% spread).
- Support is repeatedly confirmed as $5.24-$5.27.
- Resistors are concentrated in $5.39-$5.42.
- Midnight roll peak: 31.3 billion vehicles average 876K.
- 1:00 AM coil peak: 693m units.
- Break through resistance above $5.36 with a 27,887-39,904 units.
- New intraday support is $5.33-$5.34.
- Strong buying interest in the merger stage.
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.