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Moved higher in tandem with a wide -based crypto market sport and climbed 1.89% $ 5,5354 after topping around $ 5.65 early on Wednesday. As capital rotated to Altcoins after winnings in Bitcoin and Ether, the ICP followed with a 7% recovery, powered by early Bullish Momentum and strong support at the lower end of its reach.
The 24-hour window, which spans July 15 at 1 p.m. 15:00 UTC to July 16 at. 14:00 UTC so ICP swing within a range of $ 0.39. Volume during this rally exceeded 964,000 units, indicating robust participation from both large and small buyers when the Altcoin sector received steam.
After topping, ICP transitioned to a sideways consolidation phase between $ 5.50 and $ 5.58. Two failed attempts to break over $ 5.64- $ 5.66 The resistance zone confirmed short -term exhaustion, according to Coindesk Research’s technical analysis data model. The token remained good bid near $ 5.52, where the fresh demand consistently emerged.
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This consolidation reflects similar dynamics seen across layers 1 symbols that see profit roofs after multi-session gains but maintain higher support zones. ICP’s ability to keep stable in a tightening area mirroring the wider market break after a strong leg up.
If the bullish mood across the crypto market continues, the ICP may challenge $ 5.60- $ 5.66 The resistance tape again supported by stable influx and its strong location in the decentralized computer narrative.
Technical analysis highlights
- ICP climbed 7% from $ 5.28 to $ 5.66 before consolidation in a range of $ 0.39.
- Early rally supported by 964K+ volume, matching wider altcoin strength.
- Resistance fought $ 5.64- $ 5.66 with two rejection attempts.
- Price stabilized in a $ 5.50- $ 5.58 channel to large parts of the session.
- Support formed about $ 5.52; Buyers consistently defended this level.
- ICP rebound from $ 5.50 to $ 5.53 in the last hour of 19.8k+ volume.
- The market structure remains bullish over $ 5.50 in the middle of macrocrypto force.
- Current Price: $ 5,5354, an increase of 1.89% a day.
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.
