Internet computer protocol (ICP) Estated 24 hours of volatile negotiations, swinging between $ 5.29 and $ 5.63, an intraday beach of 5% which highlighted the sales pressure and opportunistic accumulation, shows the Technical Analysis Data model of Coindesk Research.
The token fell as low as $ 5.29, establishing a key support area between $ 5.32 and $ 5.35, where market data show notable volume peaks, a model often associated with institutional entry points.
After the bottom, ICP organized a decisive reversal starting around 12:00 pm UTC, when the volume of negotiation jumped at 976,480 units, almost double the daily average. This thrust propelled prices from $ 5.37 to $ 5.52, recovering a technical land lost earlier in the session.
However, resistance nearly $ 5.63 capped upwards. ICP briefly returned to $ 5.43 early in the US morning while the sellers reappeared, breaking minor support at $ 5.48 before buyers managed to contain the $ 5.44 zone.
Technical analysis
- Range: $ 5.29 at $ 5.63 over the 23 -hour period, a spread of 5%.
- Support area: $ 5.32 to $ 5.35 showed repeated purchase interest.
- Resistance: $ 5.63 increased attempts.
- Spike of volume: 976,480 units negotiated at 12:00 pm UTC, almost double the daily average.
- Point of breakdown: The loss support of $ 5.48 sparked a brief drop at the end of the session.
- Recovery phase: $ 5.37 at $ 5.52 Surge on an institutional purchase marked at high volume.
- Late sale: go from $ 5.45 to $ 5.43 in resistance.
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