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showed signs of resilience in a 24 -hour turbulent window, climbing up to $ 5.6781 before consolidating just below the $ 5.50 bar. Despite the sale at the end of the session, the token remains ready for potential recovery in the middle of continuous volatility.
From July 13 at 5:00 p.m. UTC, ICP began a regular ascent, reaching its session of $ 5.6781 at the beginning of July 14. This rally was supported by a significant increase in volume, exceeding 800,000 units during its most aggressive ascending leg between 02:00 and 05h00 UTC. The bulls briefly tested resistance greater than $ 5.67, a level that had historically capped the momentum.
However, an intense sales pressure takes place shortly after the peak, which lowers prices in a quick reversal. During the hour ending at 4:05 pm UTC on July 14, the token fell by $ 1% to $ 5.45, decisively crossing the support threshold of $ 5.48. A volume increases nearly 50,000 units during the interval of 15: 48-15: 49 UTC has further confirmed an increased lower activity.
Despite the withdrawal, ICP found short -term stability in a lower commercial channel between $ 5.44 and $ 5.46.
Strengths of technical analysis
- ICP exchanged in a range of $ 0.28 of $ 5.40 (weak) at $ 5.68 (high)marking an intraday spread at 5%.
- The price pee from $ 5.47 to $ 5.68 between 02: 00 to 05: 00 UTC on July 14, in the middle of 800K + volume.
- The resistance has hardened nearly $ 5.67 to $ 5.68, reducing the attempts at Haussier continuation.
- The drop in the final hour of $ 5.50 to $ 5.45 showed a quick retirement of 1% of 15: 06–16: 05 UTC.
- The key support at $ 5.48 was broken in high volume, reporting a potential downward continuation.
- A notable sale occurred between 15: 48–15: 49 UTC with nearly 50,000 units exchanged.
- The consolidation range was formed between $ 5.44 and $ 5.46 in July 14 at 4:35 pm UTC.
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