Internet computer protocol (ICP) Then a fleeting 24 hours climbing from $ 5.84 to a session high of $ 6.08 before he succumbed to selling pressure.
5% swing unfolded within a $ 0.28 trading corridor, which reflects both strong buying interests and rapid profits, according to Coindesk Research’s technical analysis data model.
Early Momentum led ICP through several resistance points, with the rally topped to $ 6.08 around 03:00 UTC on August 14th. Elevated volume of these heights confirmed institutional sales activity, establishing a clear resistance zone between $ 6.06 and $ 6.08. On the disadvantage, support developed in the range of $ 5.87- $ 5.90, where buyers consistently stepped in to absorb the supply.
ICP’s volatility then compressed strongly. The token traded in a narrow $ 0.04 ribbon between $ 5.88 and $ 5.92 from 09:25 to 10:24 AM, indicating a consolidation phase as dealers reassessed positions.
Market mood had been shaken by a high-profile security event on Bitcoin-based Memecoin platform Odin.Fun, suspending trade after losing 58.2 BTC in a suspected exploitation. The violation, which triggered a 40% collapse in Odindog’s value, control over the security framework of the Internet computer, especially its “login with Bitcoin” approval system.
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