Overview

The Internet Computer Protocol (ICP) has seen a decline of 2.35% within the last twenty-four hours, with trading occurring between $5.14 and $5.40. Reports indicate a 4% swing in prices, signaling a volatile market phase, as per data from CoinDesk Research.

Key Points

• ICP has traded lower, currently at $5.18.
• Significant trading volumes, particularly near the $5.24 to $5.28 range, demonstrated notable selling pressure.
• Despite strong performance in speed rankings, market sentiment remains cautious regarding prices.

Technical Insights

• The recent price variation underscores the overall persistent volatility in the market, emphasizing investor caution.

What to expect further? Market observers are closely monitoring support levels as any breaches could indicate continued downward pressure for ICP.