ICP Peaks at $5.05 Before Pullback as On-Chain AI Milestone Spurs Interest
September 9, 2025
Internet Computer Protocol (ICP) rebounded to $5.05 following the network’s Ignition milestone, which enables large language models (LLMs) to run natively on-chain and expands the potential for AI-powered decentralized applications (dapps).
The token’s session was volatile, moving within a $0.22 corridor. After testing support at $4.83, ICP surged to its intraday high of $5.05 by 06:00 UTC. According to CoinDesk Research, the $4.83 level acted as a key accumulation zone, with 348,793 units traded during early buying.
ICP’s rally met resistance at $5.05, forming a short-term ceiling. Prices consolidated near $4.97 before a late push to $4.99, but selling pressure quickly drove the token down to $4.93. At the time of writing, ICP was trading just under $4.90, roughly 3% below its intraday high.
Trading volume spiked sharply, with over 170,000 units exchanged between 14:01–14:03 UTC, suggesting systematic liquidations or stop-loss triggers.
Beyond technical dynamics, the Ignition upgrade represents a significant step for ICP’s ecosystem. Developers can now build AI-driven dapps that autonomously generate smart contracts, moving toward a “self-writing Internet” where non-technical users can deploy decentralized applications using natural language instructions.
Technical Highlights:
- Trading range: $4.83 support → $5.05 resistance
- Accumulation confirmed at $4.83 (348,793 units)
- Rally peak and pullback: $5.05 → $4.93
- Volume spike: 170,000+ units (14:01–14:03 UTC)
- Short-term support: $4.93
- Resistance remains entrenched at $5.05
