Internet computer protocol (ICP) saw a volatile 24 hours, going from $ 5.84 to a session summit of $ 6.08 before succumbing to the sale pressure.
The 5% swing took place in a negotiation corridor of $ 0.28, reflecting both a strong purchase interest and rapid profit taking, according to the Technical Analysis Data model of Coindesk Research.
The early moment transported the peak by several resistance points, the rally peak at $ 6.08 around 3:00 am UTC on August 14. A high volume to these highs confirmed an institutional sales activity, establishing a clear resistance zone between $ 6.06 and $ 6.08. Lowering, the support developed in the range of $ 5.87 to $ 5.90, where buyers were constantly intervened to absorb the supply.
The volatility of the ICP then strongly compressed. The token exchanged in a narrow strip of $ 0.04 between $ 5.88 and $ 5.92 from 9:25 to 10:24 UTC, indicating a consolidation phase while the traders re -evaluated the positions.
The feeling of the market had been shaken by a high-level security incident at the same Bitcoin Odin.fun platform, which suspended trade after losing 58.2 BTC in a suspected feat. The violation, which sparked a collapse of 40% in the value of Odindog, examining the security frame of the Internet computer, in particular its authentication system “Connection with Bitcoin”.
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