Key Points:

• The Internet Computer (ICP) saw a significant increase of 7% due to a general surge in the cryptocurrency market, stabilizing between $5.50 and $5.58 after reaching a peak of $5.66.
• This rise was supported by a vigorous level of trading, with over 964,000 units traded within a 24-hour window leading up to the mentioned price points.
• ICP’s ability to maintain support around $5.52 reflects a strong buying interest, suggesting potential further movement in a positive direction if the overall market sentiment remains bullish.

Price Movement Analysis:

• On July 15 at 15:00 UTC, ICP’s price experienced fluctuations within a range of $0.39.
• The strong upward momentum was characterized by consistent demand that shielded the price from falling below critical support levels.

Conclusion:

If the optimistic sentiment in the cryptocurrency market persists, ICP may try to breach the resistance levels of $5.60 to $5.66 in the near future.