Internet Computer (ICP) Finds Support, Rebounds 1% as Bulls Hold Key Level
Internet Computer (ICP) edged higher Tuesday, gaining around 1% after bouncing off critical support in a show of resilience despite broader market uncertainty.
The token slipped early in European trading but found strong buying interest at the $4.72 level—a price point that has now established itself as a significant technical floor, according to CoinDesk Research.
Following the rebound, ICP stabilized above support and gradually pushed higher, signaling that traders are stepping in to accumulate. The recovery was backed by increased trading volume, suggesting possible institutional interest and strengthening market confidence.
Technical indicators now point to further upside potential if momentum continues, with analysts viewing the $4.72 level as a key base for future gains. The lack of heavy selling pressure after the bounce reinforces a positive outlook for ICP in the short term.
Key Technical Points
- ICP rose 1% on the day, reversing early losses.
- Strong support emerged around $4.72, drawing buyer interest.
- Trading volumes surged during the rebound, hinting at institutional activity.
- The token’s price action suggests further bullish potential if sentiment improves.
