Internet computer
showed signs of resilience in a turbulent 24-hour window, climbing as high as $ 5,6781, before consolidating just under $ 5.50 mark. Despite the sale of the session, the token remains ready for potential recovery in the midst of the ongoing volatility.
From July 13 at 1 p.m. 17:00 UTC began ICP a steady increase and reached its session high at $ 5,6781 early July 14. This rally was supported by a significant increase in volume, topping 800,000 units during its most aggressive legs between 02:00 and 05:00 UTC. Bulls tested short resistance over $ 5.67, a level that historically had limited momentum.
However, intense sales pressure is shortly after the top, and the driving force downwards in a quick turn. During the hour that ended at 1 p.m. 16:05 UTC on July 14, the token dipped 1% to $ 5.45 and broke out decisively through $ 5.48 support limit. A volume tip near 50,000 units during 15: 48-15: 49 UTC interval confirmed further increased bearish activity.
Despite the withdrawal, ICP has found stability in the short term in a lower trading channel between $ 5.44 and $ 5.46.
Technical analysis highlights
- ICP acted within an interval of $ 0.28 from $ 5.40 (low) to $ 5.68 (high)There is a 5% intraday spread.
- Price spiked from $ 5.47 to $ 5.68 between 02: 00-05: 00 UTC on July 14, in the middle of 800k+ volumes.
- Resistance hardened near $ 5.67- $ 5.68, limiting Bullish Continuing Attempts.
- Final-Time’s decline from $ 5.50 to $ 5.45 showed a quick 1% retreat from 15: 06–16: 05 UTC.
- Key support for $ 5.48 was broken at high volume, signaling potential bearish continuation.
- Remarkable sales occurred between 15: 48–15: 49 UTC with nearly 50,000 units traded.
- The consolidation area is formed between $ 5.44- $ 5.46 per year. July 14 at. 16:35 UTC.
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