Internet computer protocol (ICP) Displayed resilience in the last 24 hours, up 2.8% while the larger PK Press Club 20 index added only 1.9%.
The token fluctuated on a strip of $ 0.24, equal to a 5%swing, moving between $ 4.60 and $ 4.84, according to the Technical Analysis Data model of Coindesk Research.
The most serious decline occurred between 8:00 p.m. and 9 p.m. UTC on September 1, when the ICP increased from $ 4.74 to $ 4.60 while the negotiation volume increased to more than 827,000 units, well above the average of 24 hours of 387,000. The lower price has turned into a level of support, attracting more purchase interest.
After the DIP, ICP entered a recovery phase, backing towards resistance levels around $ 4.83 to $ 4.84. The negotiation volume exceeded 26,000 units at key intervals, far exceeding the time average of 5,500.
The price action confirmed a configuration in small groups, with a consolidation in the band of $ 4.82 to $ 4.83 giving way to a rapid thrust around $ 4.84.
ICP’s ability to attract supported interests from buyers at the level of support can strengthen arguments for continuous bullish dynamics, with potential targets emerging from Fibonacci extensions greater than $ 4.85.
Technical analysis
- ICP exchanged in a corridor of $ 0.24 (Range of 5%) Between $ 4.60 and $ 4.84.
- Heavy sale of $ 4.74 to $ 4.60 Monday produced volume peaks of 827,105 and 684,909 units.
- Support firmly established at $ 4.60 with a strong purchase interest.
- The price regularly returned to $ 4.84 per 10:00 UTC on Tuesday.
- Resistance identified at $ 4.84.
- Escape confirmed by volume overvoltages of 26,939 and 17,946 units.
- The average hourly turnover of 5,500 was considerably exceeded during the recovery.
- The diagram suggests continuous momentum with a potential to retest higher resistance levels.
Non-liability clause: Parties of this article were generated with the help of AI tools and examined by our editorial team to guarantee the accuracy and membership of Our standards. For more information, see Complete Coindesk AI policy.
