Internet computer
He exhibited remarkable resilience in the last 24 hours, putting a volatile negotiation session formed by a broader macroeconomic uncertainty. After falling to $ 4.78, the Token recovered almost $ 4.85, which was finally resolved at $ 4,7771, 0.98% less in the day.
ICP has respected its key support level at $ 4.80, which was tested and confirmed several times during the session, according to the technical analysis data of Coindesk Research. This level has become a critical pivot zone for merchants who look at the rise if the broader feeling continues to improve.
Macro factors are still influential in the cryptographic landscape. Although geopolitical tensions have unstable markets, Bitcoin’s return to $ 109,000 during the Asian morning caused volume increases in multiple assets, including ICP, despite the relative stability of prices.
ICP’s ability to bounce support while absorbing intradic volatility could indicate the growing confidence of merchants.
TECHNICAL ANALYSIS
- ICP quoted in a range of 2.54%, with prices that fluctuate between $ 4.78 and $ 4.90 from July 6 to 3:00 p.m. UTC to July 7 at 2:00 p.m. UTC.
- A strong resistance to $ 4.90 was tested twice during the afternoon of July 6.
- The support to $ 4.80 was validated by repeated rebounds and acted as a launch point for ascending movements.
- Between 13: 05–14: 04 UTC on July 7, ICP recovered 0.62%, from $ 4.81 to $ 4.84, confirming bullish impulse.
- Consolidated price between 13: 05–13: 20 before a break at 13:21 UTC.
- An acute rally between 13: 57–13: 59 raised ICP to $ 4.85, marking a jump of almost 2%.
- The volume increased for 13: 41–13: 43 (66,623 ICP) And again at 13: 57–13: 58 (14,170 ICP)suggesting possible institutional purchases.
Discharge of responsibility: Parts of this article were generated with the assistance of artificial intelligence tools and reviewed by our editorial team to guarantee the precision and compliance with Our standards. For more information, see Coindesk’s complete policy.
