The native token of the Internet computer protocol, ICP, advanced 5% to $ 5.57 in the last 24 hours, reinforced by a combination of solid technical structure and key fundamental updates.
The Token quoted within a bandwidth of $ 0.36 and found an aggressive support about $ 5.21 during the 7:00 p.m. UTC on July 30, where the volume increased to 1.43 million tokens, more than three times the average of 24 hours of 476,829 units, according to the Coindesk technical analysis data model.
The ascending impulse persisted when the price constantly rose through successive higher minimums to form a solid upward channel, before the resistance began to limit the profits of around $ 5.58.
The recent launch of Internet Dfinity Computer 2.0, which includes tools that allows any person to build applications using natural language indications, could open the development of web3 to non -technical users and help to differentiate the ICP further in an ecosystem of layer 1 full of people.
Dfinity has burned more than 1 million tokens ICP in just five months, reducing the general supply and signage of long -term commitment to value optimization. The twin narratives of the improved utility and the deflation of the file seem to be gaining traction between the institutions that seek exposure to cryptographic assets oriented to infrastructure.
Technical analysis
- $ 5.21 confirmed as key support with 1.53 million tokens negotiated during the 19:00 recovery.
- $ 5.58 Marked Top session and temporary barrier for continuation.
- Ascending minimums of $ 5.21 to $ 5.50 indicates a strong bullish construction.
- Institutional accumulation backed by volume peaks well above the average.
- The 0.18% increase from $ 5.56 to $ 5.57 during 09: 05-10: 04 UTC, validating consolidation to high levels.
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