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Noteworthy stability has been shown in the past 24 hours, which has been a welcome of a trading session that is shaped by greater macroeconomic uncertainty. After falling to $ 4.78, The token bounced to nearly $ 4.85Eventually repaired at $ 4.7771, down 0.98% during the day.
The ICP respects the main support level of $ 4.80, tested and confirmed several times throughout the session, according to CoinDesk’s technical research review data. This level has become a critical pivot zone for entrepreneurs looking at potential reversal if the broader emotions continue to improve.
Macro factors remain influenced throughout the crypto scene. While geopolitical tensions have no turbulent markets, Bitcoin’s return to $ 109,000 during Asian mornings has led to increased volume in many possessions, including the ICP, despite relative -child stability of price.
The ICP’s ability to bounce from support while absorbing the intraday volatility can signal the trust of the entrepreneurs.
Technical assessments
- The ICP exchanged a 2.54% range, with prices changing between $ 4.78 and $ 4.90 from July 6 to 15:00 UTC to July 7 at 14:00 UTC.
- The strong resistance to $ 4.90 was tested twice at night time on July 6.
- The $ 4.80 support has been proven by repeated bounces and acts as a launch for upward movements.
- Between 13: 05–14: 04 UTC On July 7, the ICP rallied 0.62%, from $ 4.81 to $ 4.84, confirming the bullish momentum.
- The price combined between 13: 05–13: 20 before a breakout began at 13:21 UTC.
- A sharp rally between 13: 57–13: 59 raised the ICP to $ 4.85, marked by almost 2% of the jump.
- Volume moved forward during 13: 41–13: 43 (66,623 ICP) and again in 13: 57–13: 58 (14,170 ICP)suggests a possible institutional purchase-in.
Denial: Parts of this article were formed with assistance from AI tools and our editorial team reviewed to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s entire AI policy.
