Internet computer’s native token (ICP) throws 2.4% over the past 24 hours and withdrew from $ 5.21 to $ 5.08, although it showed intraday force.
After hit a low level of $ 4.97, Rebound Token up to 3.2% to reach a local height of $ 5.13 before consolidating about $ 5.06- $ 5.08, according to Coindesk Research’s technical analysis data model. The session’s 3.52% turn highlighted both bearish pressure and renewed interest from buyers near key support levels.
The strongest recovery occurred during 05:00 the UTC window as volume increased to 524,622 tokens, 56% over 24-hour average of 337,329. This influx of activity marked a turning point when Bulls stepped in between $ 4.97 and $ 5.00, with bears pushing back to $ 5.09- $ 5.13 resistance cluster.
ICP went on from $ 5.02 to $ 5.06 and got 0.80% on increased volume, during the US morning, with an increase over $ 5.04, which suggests continuous momentum.
Technical analysis
- Netted 24 -timers Movement: -2.4% from $ 5.21 to $ 5.08
- Intraday Recovery: +3.2% from $ 4.97 to $ 5.13
- Key Support: $ 4.97- $ 5.00 was repeated purchase
- Resistance Zone: $ 5.09- $ 5.13 Restricted Rally attempt
- Volume Wave: 524,622 units at 05:00 UTC, 56% above average
- Breakout: Cleared $ 5.03- $ 5.04 Resistance
- New floor: $ 5.04 Forms as the latest support level
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