Internet computer protocol (ICP) Endors an unstable 24 hour trade, swung between $ 5.29 and $ 5.63, a 5% intraday area highlighted both sales pressure and opportunistic accumulation, Coindesk Research’s technical analysis data model shows.
The token fell as low as $ 5.29 and established an important support zone between $ 5.32 and $ 5.35, with market data showing remarkable spikes in volume, a pattern often associated with institutional entry points.
After the bottom out, ICP staged a decisive turn that began around 10 p.m. 12:00 UTC, as trading volume rose to 976,480 units, almost twice the daily average. This push propelled prices from $ 5.37 to $ 5.52, which regains technical grounds lost earlier in the session.
Still resistance near $ 5.63 closed momentum upside down. ICP briefly diped back to $ 5.43 early in the US morning when sellers reappeared and broke less support for $ 5.48 before buyers managed to have $ 5.44 area.
Technical analysis
- Area: $ 5.29- $ 5.63 over the 23-hour period, a 5% spread.
- Support Zone: $ 5.32- $ 5.35 showed repeated purchase interest.
- Resistance: $ 5.63 limited upside down.
- Volume Spike: 976,480 units traded at. 12:00 UTC, almost twice the daily average.
- Breakdown Point: Loss of $ 5.48 Support triggered a short dip.
- Recovery Phase: $ 5.37 to $ 5.52 wave on high volume marked institutional purchase.
- Late Sales: Dip from $ 5.45 to $ 5.43 as resistance.
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.
