What You Should Know:
- ICP hit a peak of $5.6781 before settling between $5.44 and $5.46.
- An early morning surge brought ICP above critical resistance levels.
- Post-peak, the market experienced increased selling pressure, causing significant drops and breaking support levels around $5.48.
Market Overview
The Internet Computer (ICP) demonstrated strength in a volatile market, reaching as high as $5.6781, before consolidating just under the $5.50 mark. Although pressured by late-session sales, the token remains positioned for potential recovery amidst ongoing market fluctuations.
Beginning on July 13 at 17:00 UTC, ICP’s price began a steady climb, supported by a notable increase in trading volume, surpassing 800,000 units during its most intense upward surge from 02:00 to 05:00 UTC. Bulls briefly challenged resistance above $5.67, a level known for limiting upward movement historically.
ICP Price Chart
Summary of Today’s Trading:
- A price range of $5.40 (low) to $5.68 (high) was recorded, reflecting a 5% intraday spread.
- The price surged from $5.47 to $5.68 during peak trading hours.
- Resistance stood firm around $5.67 to $5.68, limiting further gains.
- The final-hour drop from $5.50 to $5.45 indicated a swift 1% contraction.
- A critical support level at $5.48 was crossed, hinting at a possible continuation of bearish trends.
Despite the declines, ICP has located short-term stability within a trading range of $5.44 to $5.46. Disclaimer: Parts of this article were generated with AI tools and subjected to human editorial review to ensure accuracy.
