Internet computer protocol (ICP) extended its upward trajectory in the last 24 hours, from 2.29% from $ 5.25 to $ 5.37.
The action of the token prices took place in a corridor of $ 0.26 between $ 5.16 and $ 5.42, representing a commercial propagation of 4.94%, while the traders sailed pronounced intraday volatility, according to the Technical Analysis Data of Coindesk.
The most notable movements occurred in the early hours of August 8, when the volume increased to 3.13 million units at midnight, then doubled at 6.93 million at 01:00 UTC, both are well beyond the average 24 hours a day, 876,000. These entries systematically experienced offers in the zone of $ 5.24 to $ 5.27, reinforcing a support base. Right up, sellers concentrated around $ 5.39 to $ 5.42.
ICP then advanced from $ 5.36 to $ 5.38, marking a thrust of 0.37%. This climb was supported by volumes raised between 09:50 and 09:55 UTC, ranging from 27,887 to 39,904 units, more than triple the time base line. The rally confirmed $ 5.33 to $ 5.34 as an intraday floor, with a break greater than $ 5.36 by referring to the additional gains potential.
Despite the mixed feeling of the larger market, the structure of the ICP graphic has been strengthened. The capacity of the part to have key support levels, combined with an increase in volume, underlines continuous institutional participation and increasing confidence in the long -term roadmap of the network, which includes recent performance upgrades and integration with Bitcoin functionality.
Strengths of technical analysis
- Price range 24 hours a day: $ 5.16 – $ 5.42 (4.94% propagation).
- The support has been confirmed several times from $ 5.24 to $ 5.27.
- Concentrated resistance at $ 5.39 – $ 5.42.
- Midnight volume pliers: 3.13 million medium vs units of 876K.
- 1 hour Spike volume: 6.93 million units.
- Evolution greater than $ 5.36 Resistance with volumes of 27,887-39,904 units.
- New intra -day support formed at $ 5.33 at $ 5.34.
- A strong purchase interest during the consolidation phases.
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