The Internet computer (ICP) experienced a net reversal after climbing $ 5.76, the $ 5.59 token under a renewed lower pressure.
The move closed a 24 -hour volatile window in which the prices took place between $ 5.28 and $ 5.76 – a range of 8.3%, depending on the Coindesk technical analysis data model. The bulls briefly pushed the prices at the upper end of the corridor before Bears reaffirms control, sending lower prices on the increase in volume.
The heavy sale emerged after the price received $ 5.76, with a slide of 42 minutes at $ 5.66 forming a notable rejection. The volume increased earlier in the day, with an upward increase from $ 5.28 to $ 5.72 trained by 897,725 chips exchanged – well above the daily average. Despite the rally, the momentum quickly was once the resistance withdraws.
Although price action has shown clear technical rejection near the upper limits, the Internet computer remains fundamentally solid. ICP leads all blockchains in Github’s development activity, beyond ChainLink and Flecoin, said Santly in its latest monthly classification.
The ICP development manager underlines the persistent growth of ecosystems and the commitment of the team, even if market players seem to hesitate to continue recent prices. Analysts highlight the confluence of technical resistance and a wider market cautious as retirement engines.
Technical analysis
- Price range: switched between $ 5.28 and $ 5.76, an intraday spread of 8.3%.
- Resistance: $ 5.76 capped upwards with visible rejection.
- Support: solid support confirmed at $ 5.28 in the middle of an early accumulation.
- Pice of volume: 897,725 tokens exchanged during the rebound of lower intrajournals.
- Sale window: lowered from $ 5.76 to $ 5.66 between 15: 08-15: 50 UTC.
- Short -term support: $ 5.66 emerged as a soil after a lower movement.
- Trading activity: The last minutes saw the volume of trading fading, signaling a break.
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