ICP Surges 4% on Strong Volume and Developer Momentum
2025-07-10 15:43:03
Main Idea
ICP's price surged 4.3% to $5.19, supported by strong trading volume and leading GitHub activity, indicating growth in blockchain development.
Key Points
1. ICP gained 4.3%, rising from $4.96 to $5.16 with a peak at $5.19, supported by strong volume.
2. A major breakout occurred at 19:00 UTC with volume hitting 886,937 units, more than 2x the daily average.
3. ICP leads AI-integrated blockchain development with 431.3 daily GitHub events, reinforcing long-term upside.
4. Support levels held firm at $4.90–$4.93, with secondary support forming between $5.11 and $5.14.
5. Resistance zone: $5.18-$5.22 marks the next breakout challenge.
Description
Internet Computer (ICP) posted a strong 4.3% gain in the 24-hour trading period into Thursday, climbing from $4.96 to $5.16, with a high of $5.19 . The price action was fueled by significant trading activity and accelerating developer momentum, positioning ICP as one of the top-performing infrastructure tokens of the session. The breakout took shape between 18:00 and 21:00 UTC on July 9, when ICP surged from $4.95 to $5.19. Volume peaked at 886,937 units at 19:00, far exceeding the 24-hour avera...
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