ICP Stabilizes Near $4.8 After Volatile 24-Hour Session
Internet Computer Protocol (ICP) saw sharp swings over the past 24 hours, trading between $4.77 and $4.94 before settling near $4.8. The volatility reflected strong buying and selling, with institutional activity evident in several volume spikes.
ICP peaked at $4.94 around midnight, supported by trading volumes surpassing 600,000 units between 14:00–16:00 UTC—almost double the daily average. Prices later retreated to $4.78, confirming resistance near $4.93–$4.94 while defending key support at $4.77.
The broader market mirrored ICP’s fluctuations, with the CoinDesk 20 Index moving within a 3% range despite elevated volumes, highlighting ongoing pressure across digital assets.
Technical Snapshot:
- Trading range: $4.77–$4.94 (3.4% volatility)
- Resistance: $4.93–$4.94
- Support: $4.77
- Recent rally: $4.78 → $4.83
- Trend: Ascending channel via $4.79, $4.80, $4.82
ICP’s resilience near $4.8 underscores institutional interest and potential for further gains if momentum persists.
