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I saw a 24 -hour volatile section marked by an early sale and a brutal rebound after falling at $ 5.27, the token recovered at the end of $ 5.4324 – reducing losses after a daily drop of 3.47%. The turnaround occurred in the middle of renewed optimism motivated by the official launch of Caffeine, a web 3 platform powered by AI of new generation built on ICP.
Unveiled on July 15, 2025, during the “Hello, self -discomfort” event in San Francisco, caffeine allows users to create decentralized applications using natural language – no required code. The beginnings of the platform mark an important step in the Internet computer strategy to merge AI on chain with the creation of DAPP without seam, helping to arouse the interest in purchase late during the day.
During day, the bears brought ICP from $ 5.39 to $ 5.20 in volume greater than 850,000 contracts at 03:00 UTC, according to the analysis of Coindesk Research.
However, the landscape changed after 2:30 p.m. UTC on Tuesday. ICP fell to $ 5.27, but then reversed above a series of institutional volume tips. This wave of activity brought the token to $ 5.34, narrowing the losses of the day and strengthening the presence of buyers around the support group of $ 5.27 to $ 5.28.
Basic progress has further strengthened the feeling. The Dfinity Foundation has burned over a million tokens to tighten supply, while its new Vetkeys privacy protocol responds to critical concerns in blockchain data security.
With the AI now live via caffeine and technical buyers involved in support close to the key, ICP seems ready to test resistance at $ 5.40 once again, supported by the momentum of the ecosystem and strategic upgrades.
Strengths of technical analysis
- ICP dropped 3.47% in 24 hours, with an intraday spread of $ 0.30 from $ 5.50 to $ 5.2115.
- The launch of caffeine introduced the creation of DAPP fueled by AI, leading a bullish feeling.
- The bears pushed the price earlier early; $ 5.20 Support between firmly in heavy volume overnight.
- A rebound has lifted icp from $ 5.27 to $ 5.34 after a wave of accumulation.
- Notable volume overvoltages: 14:52 (41.106)15:03 (44,658)15:29 (17,658).
- The resistance remains $ 5.40 to $ 5.42, where the rallies have stopped several times.
- Assistance restored to $ 5.20 at $ 5.28 after the recovery.
- Current price: $ 5.4324, now above intradays and showing an upward bias.
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