ICP Stabilizes Near $4.8 After Volatile Session
Internet Computer Protocol (ICP) saw significant volatility over the past 24 hours, trading between $4.77 and $4.94 before settling near $4.8. The token’s sharp swings were driven by strong buying and selling activity, with institutional involvement evident in volume spikes.
ICP’s intraday high of $4.94 coincided with trading volumes surpassing 600,000 units, nearly double the daily average, before the price retraced to $4.78, reinforcing resistance at $4.93–$4.94. Broader crypto markets mirrored the turbulence, with the CoinDesk 20 Index trading in a 3% range despite heavy volumes.
Technical Snapshot:
- Support: $4.77
- Resistance: $4.93–$4.94
- Recent Gain: $4.78 → $4.83
- Trend: Uptrend channel confirmed with successive resistance breaks
ICP’s ability to defend key support highlights ongoing institutional interest and positions the token for potential upside if momentum continues.
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