Internet Computer Surge: A Look at Recent Volume Increases and Price Movements

Internet Computer Protocol (ICP) Overview

The Internet Computer Protocol (ICP) has showcased a remarkable increase in value over the last 24 hours, rising by 2.29% from $5.25 to $5.37. The price fluctuated within a narrow range of $0.26 between $5.16 to $5.42, reflecting heightened volatility as traders engaged with the market.

Key Insights:

Volume spikes hit 3.13 million and 6.93 million units, significantly surpassing the average of 876,000 units.
The price remained stable at $5.24–$5.27, before moving past $5.36, pushing toward the $5.39–$5.42 resistance.

This sustained upward momentum illustrates the strong participation of institutions and confidence in ICP, particularly in light of recent upgrades and new functionalities aligning with Bitcoin.

Technical Analysis Highlights

24-hour price range: $5.16–$5.42 (4.94% spread).
Support levels: Constantly confirmed at $5.24–$5.27.
Resistance: Primarily around $5.39–$5.42.
Significant volume spikes: Recorded at midnight with 3.13M units and another at 1:00 AM with 6.93M units.
A confirmed breakout above $5.36 resistance hints at potential future gains.

For more market insights and updates on cryptocurrencies, subscribe to the Crypto Daybook Americas Newsletter.