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They showed signs of resilience in a turbulent 24 -hour window, climbing up to $ 5,6781 before consolidating just below the $ 5.50 mark. Despite the sale of the late session, the Token remains prepared for potential recovery amid continuous volatility.
As of July 13 at 5:00 p.m. UTC, ICP began a constant ascent, reaching its maximum of the $ 5,6781 session at the beginning of July 14. This demonstration was supported by a significant increase in volume, exceeding 800,000 units during its most aggressive ascending leg between 02:00 and 05:00 UTC. The bulls briefly tested resistance above $ 5.67, a level that historically had limited the rising impulse.
However, intense sales pressure established shortly after the peak, which drives prices down into a quick investment. During the time ending at 4:05 p.m. UTC on July 14, the Token fell 1% to $ 5.45, decisively breaking the $ 5.48 support threshold. An increase in volume about 50,000 units during the UTC 15: 48-15: 49 interval confirmed even more the augmented bearish activity.
Despite the setback, ICP has found short -term stability in a lower negotiation channel between $ 5.44 and $ 5.46.
TECHNICAL ANALYSIS
- ICP negotiated within a range of $ 0.28 from $ 5.40 (low) at $ 5.68 (high)Marking an intra -propagation of 5%.
- The price shot from $ 5.47 to $ 5.68 between 02: 00–05: 00 UTC on July 14, in the middle of 800k+ volume.
- The resistance hardened about $ 5.67– $ 5.68, braking the bundle attempts.
- The decrease in the final time of $ 5.50 to $ 5.45 showed a rapid withdrawal of 1% of 15: 06–16: 05 UTC.
- The key support at $ 5.48 was broken in high volume, indicating a possible bearish continuation.
- There was a remarkable sales sale between 15: 48–15: 49 UTC with almost 50k negotiated units.
- The consolidation range has been formed between $ 5.44 and $ 5.46 from July 14 at 4:35 p.m. UTC.
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