Internet (ICP) Advanced 2.98% in the last 24 hours to negotiate $ 4,9487, exceeding critical resistance of $ 4.90 and forming a base for more increase to the psychological level of $ 5.00.
The rally reflects not only a strong technical dynamic, but also an increasing traction in the protocol ecosystem – in particular in the challenge integrated into Bitcoin.
The total offer of CKBTC (Bitcoin chain box) On ICP, went from 254 to 349 tokens since June 9, an increase of 37% in less than a month, highlighted a position on X. This marks an increase in Bitcoin entries in the infrastructure of ICP, which offers rapid interoperability.
On the price side, ICP exchanged in a range of $ 0.21 between $ 4.73 and $ 4.93, with a clear rise. The momentum has intensified with shards of volume and a lower structure. The rise from $ 4.90 to $ 4.93 during the UTC window of 10: 41 to 11: 40 was fueled by accumulation of institutional style, culminating at 59,999 units at 11:29 UTC, well above the daily average.
The ICP had supported support at $ 4.73, and a new test from $ 4.90 to 10:52 UTC confirmed it as a new floor of support. With a structural force in place, an increasing use of ecosystems and a request defined by the CKBTC, ICP seems well positioned to challenge the next step up.
Strengths of technical analysis
- ICP won 3% over 24 hours, negotiating between $ 4.73 and $ 4.93.
- Support held firm at $ 4.73, forming the base of the rally.
- The breakdown of more than $ 4.90 was confirmed at 10:59 UTC with a strong follow -up.
- Volume increases at 11:23 (33,830 units)11:28 (27,673 units)and 11:29 (59,999 units) indicate the accumulation.
- A decline at $ 4.90 to 10:52 UTC was successfully defended before new heights.
- The use of ecosystems increases as supplying to CKBTC on ICP increases by 37% since June 9 by X.
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