Internet computer protocol (ICP) Expanded its upward course over the past 24 hours and rose 2.29% from $ 5.25 to $ 5.37.
The token’s price acting unfolded within a $ 0.26 corridor between $ 5.16 and $ 5.42, representing a 4.94% trade spread as the traders navigated pronounced intraday valley, according to Coindesk’s technical analysis data model.
The most notable features came in the early hours of August 8, as volume rose to 3.13 million units at midnight and then doubled to 6.93 million at. 01:00, both numbers, well beyond the 24-hour average of 876,000. These influxes consistently met the $ 5.24- $ 5.27 zone, which strengthens a support base. On the head, sellers concentrated around $ 5.39- $ 5.42.
ICP then advanced from $ 5.36 to $ 5.38 and chop a 0.37% push. This increase was supported by elevated quantities between 09:50 and 09:55 UTC ranging from 27,887 to 39,904 units, more than triple -hour baseline. Rally confirmed $ 5.33- $ 5.34 as an intraday floor, with a breakout of $ 5.36 resistance that suggested the potential of additional gains.
Despite the wider market’s mixed atmosphere, ICP’s chart structure has been strengthened. The coin’s ability to keep key support levels combined with increased volume emphasizes ongoing institutional participation and growing confidence in the network’s long-term roadmap, which includes recent benefit upgrades and integration with bitcoin functionality.
Technical analysis highlights
- 24-hour price range: $ 5.16- $ 5.42 (4.94% spread).
- Support repeatedly confirmed at $ 5.24- $ 5.27.
- Resistance concentrated at $ 5.39- $ 5.42.
- Midnight Volume Spike: 3.13 M units against 876k average.
- 1:00 Volume Spike: 6.93 m units.
- Breakout over $ 5.36 resistance with quantities of 27,887-39,904 units.
- New intraday support is formed at $ 5.33- $ 5.34.
- Strong buying interest during consolidation phases.
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.
