Internet computer (ICP) Exhibited remarkable resilience over the last 24 hours and weatheres an unstable trade session shaped by wider macroeconomic uncertainty. After falling to $ 4.78, rebound token to nearly $ 4.85, and eventually settled at $ 4,7771, dropped 0.98% on the day.
The ICP has respected its most important support level of $ 4.80, which was tested and confirmed several times throughout the session, according to Coindesk Research’s technical analysis data. This level has become a critical rotation zone for dealers who look potential upside up whose wider mood continues to improve.
Macrofactors remain influential across the crypto arrangement. While geopolitical tensions have uncontrolled markets, Bitcoin’s return to $ 109,000 increases under the Asian morning volume across multiple assets, including ICP, despite relative price stability.
ICP’s ability to jump from support while absorbing intraday volatility could signal the growing confidence of the dealers.
Technical analysis highlights
- The ICP traded in a range of 2.54%, with prices fluctuating between $ 4.78 and $ 4.90 from July 6 at. 15:00 UTC to July 7 at. 14:00 UTC.
- Strong resistance to $ 4.90 was tested twice during the evening of July 6th.
- Support for $ 4.80 was validated by repeated jumps and served as a starting point for upward movements.
- Between 13: 05–14: 04 UTC on July 7, ICP increased 0.62%from $ 4.81 to $ 4.84, confirming Bullish Momentum.
- Price consolidated between 13: 05–13: 20 before a breakout began at. 13:21 UTC.
- A sharp rally between 13: 57–13: 59 lifted the ICP to $ 4.85, marking an almost 2% jump.
- Volume increased during 13: 41–13: 43 (66,623 ICP) And again at. 13: 57–13: 58 (14.170 ICP)suggesting possible institutional buy-ins.
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.
