ICP Rebounds Toward $5.50 After Early Morning Surge and Midday Volatility
2025-07-14 18:56:04
Main Idea
ICP's price rebounded toward $5.50, experiencing a surge and subsequent consolidation amid fluctuating trading volumes and resistance levels.
Key Points
1. ICP peaked at $5.6781 before retreating to consolidate between $5.44 and $5.46.
2. A high-volume surge briefly lifted ICP above key resistance zones, but selling pressure intensified post-peak.
3. The token dipped 1% to $5.45, breaking through the $5.48 support threshold, with a volume spike confirming bearish activity.
4. ICP traded within a $0.28 range from $5.40 to $5.68, marking a 5% intraday spread.
5. Resistance near $5.67–$5.68 curbed bullish continuation attempts, and a final-hour decline from $5.50 to $5.45 occurred.
Description
Internet Computer (ICP) showed signs of resilience in a turbulent 24-hour window, climbing as high as $5.6781 before consolidating just below the $5.50 mark . Despite late-session selling, the token remains poised for potential recovery amid ongoing volatility. Starting July 13 at 17:00 UTC, ICP began a steady ascent, reaching its session high of $5.6781 early on July 14. This rally was underpinned by a significant increase in volume, topping 800,000 units during its most aggressive upward leg b...
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