Internet computer protocol (ICP) Stability has been shown in the last 24 hours, rising by 2.8 percent while CoinDesk 20’s wider index has only added 1.9 percent.
The token changed to the full $ 0.24 band, which equates to a 5% swing, The transition between $ 4.60 and $ 4.84According to the CoinDesk Research’s technical review model.
The most severe decline occurred between 20:00 and 21:00 UTC on September 1, when the ICP fell from $ 4.74 to $ 4.60 while trade volume advanced to more than 827,000 units, more than a 24 -hour average of 387,000. The lower price has become a level of support, which attracts greater interest in buying.
Following the sinking, the ICP entered a phase of recovery, climbing back to resistance levels around $ 4.83- $ 4.84. Trade volume led 26,000 units at major intervals, which is more than a time of 5,500.
The price action confirmed a breakout adjustment, with the $ 4.82- $ 4.83 band that gives way to a quick push towards $ 4.84.
ICP’s ability to attract the consumer’s prolonged interest in support levels can strengthen the case for ongoing bullish momentum, with potential reversed targets that appear in Fibonacci extensions above $ 4.85.
Technical analysis
- Exchanged by ICP within a $ 0.24 corridor (5% range) between $ 4.60 and $ 4.84.
- Heavy sale at $ 4.74- $ 4.60 on Monday made a volume of spikes of 827,105 and 684,909 units.
- Support stablely established at $ 4.60 with a strong purchase interest.
- The price continued to recover at $ 4.84 by 10:00 UTC on Tuesday.
- The resistance identified at $ 4.84.
- The breakout confirmed the volume of the surge of 26,939 and 17,946 units.
- The average time -transfer of 5,500 significantly exceeds recovery.
- The pattern suggests ongoing momentum with the potential to reresthew a higher level of resistance.
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.
