ICP Climbs With Broader Crypto Rally, Holds Gains Above $5.50
2025-07-16 17:42:30
Main Idea
ICP's price rose 7% during a broader crypto market rally, stabilizing above $5.50 with strong support and resistance levels observed.
Key Points
1. ICP rose 7% from $5.28 to $5.66 before consolidating in a $0.39 range.
2. The rally was supported by over 964,000 in trading volume, aligning with broader altcoin strength.
3. Resistance was firm at $5.64–$5.66, with two failed attempts to break above this level.
4. Price stabilized in a $5.50–$5.58 channel, with strong support around $5.52.
5. ICP rebounded from $5.50 to $5.53 in the final hour on 19.8K+ volume.
6. Market structure remains bullish above $5.50 amid broader crypto market strength.
Description
Internet Computer (ICP) moved higher in tandem with a broad-based crypto market surge, climbing 1.89% $5.5354 after peaking at around $5.65 early on Wednesday. As capital rotated into altcoins following gains in bitcoin and ether , ICP followed suit with a 7% upswing, driven by early bullish momentum and strong support at the lower end of its range. The 24-hour window spanning July 15 at 15:00 UTC to July 16 at 14:00 UTC saw ICP fluctuate within a $0.39 range. Volume during this rally exceeded 9...
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