ICP Stages Strong Rebound as $4.80 Support Level Proves Unshakable
Internet Computer (ICP) defies bearish pressure with a sharp recovery from today's lows—proving the $4.80 support isn't just hopeful thinking.
The Floor Holds—For Now
Traders watched ICP bounce like a speculative NFT, clinging to that critical $4.80 level like a Wall Street analyst to outdated inflation models. The rebound suggests either stubborn bulls or a market that still hasn't learned its lesson.
What’s Next?
If this support cracks, we’re staring down a slide toward July’s lows. Hold? Then ICP might just fake everyone out and rally—because crypto loves nothing more than proving skeptics wrong (before dumping on them later).
Either way, grab popcorn. The only thing more volatile than ICP’s price action? The excuses from ‘long-term holders’ when it tanks.
Technical Analysis Highlights
- ICP traded in a 2.54% range, with prices fluctuating between $4.78 and $4.90 from July 6 at 15:00 UTC to July 7 at 14:00 UTC.
- Strong resistance at $4.90 was tested twice during evening hours on July 6.
- Support at $4.80 was validated by repeated bounces and acted as a launch point for upward moves.
- Between 13:05–14:04 UTC on July 7, ICP rallied 0.62%, from $4.81 to $4.84, confirming bullish momentum.
- Price consolidated between 13:05–13:20 before a breakout began at 13:21 UTC.
- A sharp rally between 13:57–13:59 lifted ICP to $4.85, marking a nearly 2% jump.
- Volume surged during 13:41–13:43 (66,623 ICP) and again at 13:57–13:58 (14,170 ICP), suggesting possible institutional buy-ins.
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