The native token of the Internet Computer Protocol, ICP, increased from 5% to $ 5.57 in the last 24 hours, reinforced by a mixture of solid technical structure and fundamental key levels.
The token exchanged in a bandwidth of $ 0.36 and found an aggressive support nearly $ 5.21 during the UTC from 7:00 p.m. on July 30, where the volume increased to 1.43 million tokens, more than three times the average of 24 hours of 476,829 units, according to the Coindek Technical Analysis Data model.
The ascending momentum persisted while the price regularly passed through successive upper stockings to form a solid bullish channel, before the resistance begins to cap the gains of around $ 5.58.
The recent launch by Dfinity of the Internet Computer 2.0, which includes tools allowing anyone to create applications using invites in natural language, could open the development of web3 to non -technical users and help to differentiate the ICP more in a crowded layer 1 ecosystem.
Dfinity has burned more than a million ICP tokens in just five months, reducing the global offer and signaling long -term commitment to value optimization. The twin accounts of utility and deflation of tokens improved by AI seem to gain ground among the institutions which are looking for an exposure to cryptographic assets oriented towards infrastructure.
Technical analysis
- $ 5.21 confirmed as key support with tokens of 1.53 million exchanges at 7:00 p.m.
- $ 5.58 of the marked session and temporary barrier to continuation.
- The stockings of $ 5.21 to $ 5.50 report a strong bullish construction.
- Institutional accumulation supported by volume tips much higher than average.
- Increase of 0.18% from $ 5.56 to $ 5.57 in 09: 05-10: 04 UTC, validating consolidation at high levels.
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