Internet Computer (ICP) declined 2.4% over the past 24 hours, slipping from $5.21 to $5.08, though intraday action showed notable resilience as the token bounced off key support.
After falling to a session low of $4.97, ICP rallied as much as 3.2% to reach $5.13 before settling in the $5.06–$5.08 range. According to CoinDesk Research’s technical analysis, the session’s 3.52% swing captured both downside pressure and renewed buyer activity near crucial support levels.
The strongest move came at 05:00 UTC when volume spiked to 524,622 tokens—56% above the 24-hour average of 337,329. This uptick in trading coincided with a bounce from the $4.97–$5.00 support band, as buyers stepped in aggressively. Meanwhile, upside attempts were capped near the $5.09–$5.13 resistance zone.
Later in the U.S. morning, ICP rose from $5.02 to $5.06, posting a 0.8% intraday gain on rising volume. The move above $5.04 confirmed short-term momentum and established a fresh support level.
Technical Snapshot
- 24-Hour Performance: -2.4% (from $5.21 to $5.08)
- Intraday Range: $4.97 to $5.13 (+3.2% recovery)
- Key Support: $4.97–$5.00 zone with strong buying response
- Resistance: $5.09–$5.13 capped gains
- Volume Spike: 524,622 tokens at 05:00 UTC (56% above average)
- Breakout Level: Cleared $5.03–$5.04 short-term resistance
- New Support: $5.04 now acting as a floor
ICP’s rebound off sub-$5 levels highlights renewed demand, with volume-backed price action suggesting short-term bullish potential—provided resistance near $5.13 can be overcome.
