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Moved higher to tandem with a broad -based crypto market surge, Climbing 1.89% $ 5.5354 after a avoidance of around $ 5.65 Early on Wednesday. While the capital revolves around the altcoins following Gains to Bitcoin and EtherThe ICP followed the suit with a 7% seating, driven by early bullish momentum and strong support at the lower end of its range.
The 24 -hour window covering July 15 and 15:00 UTC until July 16 and 14:00, UTC saw the ICP changing within a $ 0.39 range. Volume during this rally exceeds 964,000 units, indicating steady participation from both large and small consumers while the altcoin sector gains steam.
After peaking, the ICP moved to a phase of integration -including between $ 5.50 and $ 5.58. Two failed attempts to break above the $ 5.64- $ 5.66 resistance of the resistance confirmed short-term fatigue, according to the CoinDesk’s research data technical review model. The token remained properly bid near $ 5.52, where fresh demand continued to appear.
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This integration reflects the similar dynamics seen in the tokens of Layer 1, which sees the extraction of income after the multi-sessions are obtained but Maintaining higher support zones. The ICP’s ability to hold firmly in a tight set of mirrors in pausing the wider market after a strong foot.
If bullish continues throughout the crypto market, the ICP may challenge the band’s $ 5.60- $ 5.66 resistance, supported by a strong flow and its strong positioning in the decentralized computing narrative.
Technical assessments
- The ICP climbed 7% from $ 5.28 to $ 5.66 before combining a range of $ 0.39.
- Early rally supported by 964K+ Volume, which corresponds to the broader strength of Altcoin.
- The objection is at $ 5.64- $ 5.66 with two denial attempts.
- The price stabilizes a $ 5.50- $ 5.58 channel for most sessions.
- Support generated around $ 5.52; Consumers continue to defend this level.
- The ICP has been rebounding from $ 5.50 to $ 5.53 at the last time to 19.8K+ Volume.
- The market structure remains bullish above $ 5.50 amid the strength of Macro Crypto.
- Current price: $ 5.5354, up to 1.89% in the day.
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.
