Internet computer (ICP) Delivered a solid recovery on Tuesday and climbed 1% after meeting early sales pressure.
Rebound from Intraday Lows showed the structural strength of the asset and growing buyer overgrowth at key technical levels.
After sliding early in the European morning, ICP found support near the $ 4.72 marking, where the trading activity was intensified and buyers stepped in aggressively. This level now stands as a high-up support zone that marks a potential base for additional upside, according to Coindesk Research’s technical analysis data.
The price stabilized over this threshold and gradually climbed against previous heights, suggesting the presence of accumulation and reinforcing bullish mood.
Volume trends around the reversing were particularly elevated, indicating institutional participation and strong reaction to support. The strength of the jump and sustained improvement suggests that ICP remains on a solid foot technical, even in the midst of wider market fluctuations.
With Bullish Continuing patterns emerge and no immediate overhead resistance repeats itself, the ICP may be ready to challenge the recent heights. Traders and long -term holders can look at the $ 4.72 resilience as a foundation for the next move higher.
Technical analysis highlights
- ICP published a 1% daily gain after rebounding.
- The level of $ 4.72 appeared as a clearly defined support zone after accumulation of high volume.
- Elevated purchase page activity signaled strong beliefs among dealers during the recovery.
- Short -term resistance levels were tested and overcome without significant retracement.
- The market structure remains favorable for potential bullish continuation in the coming days.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
