Internet computer protocol (ICP) endured a 24 -hour turbulent session, swinging in a corridor of $ 0.22 which represented a range of 4%. After testing the support at $ 4.83, the token set up a strong rally to reach $ 5.05 at 06:00 UTC before falling back.
This decision confirmed $ 4.83 as a crucial accumulation zone, where the volume increased to 348,793 units, according to the Technical Analysis Data model of Coindesk Research.
The rally has won $ 5.05, where the concentrated distribution created a firm ceiling. The overthrow has accelerated, starting with consolidation nearly $ 4.97 before a late thrust at $ 4.99 at 2:00 p.m. UTC. The sales pressure then submerged the market, which lowered the ICP to $ 4.93 in a few minutes.
When writing the editorial’s time, ICP exchanged just below $ 4.90, 3% below its intra -day summit of $ 5.05.
Turnover has increased sharply during this interval, with more than 170,000 units processed between 2:01 p.m. and 2:03 pm, suggesting systematic liquidations or a stop execution.
Beyond the techniques, the momentum of the ICP reflects the development of current ecosystems. On September 4, the network reached its ignition milestone, allowing large language models (Llms) To run natively on the chain.
The upgrade allows developers to create decentralized applications powered by AI (dapps)Including those who can directly generate smart contracts, on the ICP blockchain. The long-term vision is to create a “self-edited internet” where even non-technical users can deploy DAPP using natural language entries.
Technical analysis
- ICP exchanged in a corridor of $ 0.22 between the support of $ 4.83 and the resistance of $ 5.05.
- A strong accumulation confirmed at $ 4.83, supported by a volume greater than the average of 348,793 units.
- The rally culminated at $ 5.05 before heavy sales were emerged. A lively reversal saw the prices from $ 4.99 to $ 4.93 in a few minutes.
- The volume exceeded 170,000 units in 14: 01–14: 03, signaling the systematic liquidation.
- A new support was formed at $ 4.93, marking a potential pivot for future sessions.
- The resistance remains rooted at $ 5.05, the key threshold for a sustained break.
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