extended Thursday’s strong rally, Jumped 33.99% to $7.02 In a move that firmly established a bullish breakout above the key $7.00 threshold.
The sharp rally came amid heavy trading volume and widespread volatility across the broader crypto market, as ICP continued to separate itself from prevailing sector weakness, according to Coindesk’s technical research analysis data model.
The token advanced from $5.26 to reach a high of $7.20, posting one of the strongest daily performances in months. The decisive break above $7.00 marks a psychological and technical milestone for the asset, transforming the previous resistance into a new support zone.
Trading activity intensified throughout the day, with 19.57 million tokens traded, roughly three times the 30-day average. The most pronounced acceleration occurred during the 14:00–17:30 GMT window, when prices vaulted from $6.40 to $7.18—a 12% intraday surge supported by volume expansion and momentum indicators confirmed.
The sustained momentum of participation proved the breakout as a structurally significant move rather than a speculative spike.
While a short-term consolidation above $6.95-$7.00 may follow, the broader technical outlook remains constructive. The strong uptrend, coupled with confirmation of the breakout on high volume, suggests the potential for a continuation towards the $7.25-$7.40 range in the coming sessions, given the newly formed support zone holds.
Disclaimer: Parts of this article were generated with help from AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy.
