Internet computer protocol (ICP) He suffered a 24 -hour finance session, swinging through a $ 0.22 corridor that represented a range of 4%. After trying the $ 4.83 support, the Token set up a strong rally to reach $ 5.05 at 06:00 UTC before going back.
This movement confirmed $ 4.83 as a crucial accumulation zone, where the volume increased to 348,793 units, according to the technical analysis data model of Coindesk Research.
The rally failed at $ 5.05, where the concentrated distribution created a firm roof. The reversal accelerated, starting with consolidation about $ 4.97 before a late impulse at $ 4.99 at 14:00 UTC. The sale pressure then overwhelmed the market, reducing ICP to $ 4.93 in minutes.
At the time of writing, ICP quoted just below $ 4.90, 3% below its maximum intradication of $ 5.05.
The rotation shot sharply during this interval, with more than 170,000 units transactions between 14:01 and 14:03, which suggests systematic settlements or stop detention execution.
Beyond the technicians, the impulse of ICP reflects the continuous development of the ecosystem. On September 4, the network reached its ignition milestone, allowing large language models (LLMS) to execute natively in the chain.
The update allows developers to build decentralized applications with AI (DAPPS)including those that can generate intelligent contracts directly, in the ICP block chain. Long -term vision is to create a “self -downtown Internet” where even non -technical users can implement DAPPS using natural language entries.
Technical analysis
- ICP quoted in a $ 0.22 corridor between $ 4.83 of support and resistance of $ 5.05.
- A strong accumulation confirmed at $ 4.83, backed by a volume higher than the average of 348,793 units.
- Rally reached its maximum point at $ 5.05 before a great sale arose. An acute investment saw that prices fell from $ 4.99 to $ 4.93 in minutes.
- The volume exceeded 170,000 units during 14: 01–14: 03, systematic settlement signaling.
- The new support was formed at $ 4.93, marking a possible pivot for future sessions.
- The resistance remains rooted at $ 5.05, the key threshold for a sustained breakup.
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